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Albatross Boats can borrow $450,000 from its bank using a 30-day discount interest loan. The loan has a quoted interest of 9 percent and no
Albatross Boats can borrow $450,000 from its bank using a 30-day discount interest loan. The loan has a quoted interest of 9 percent and no compensating balance requirment. How do you compute the loan's APR and rEAR
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