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A bank's break even interest rate is determined by the following equation from the reading: R=k/[9+(1-4)P] k = principal and interest to cover cost to
A bank's break even interest rate is determined by the following equation from the reading: R=k/[9+(1-4)P] k = principal and interest to cover cost to bank q = percentage of safe borrower R = bank rate p = probability of obtaining revenue (0
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