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Answer the question completely. a. Suncoast Boats Inc. estimates that because of seasonal nature of its business, it will borrow additional $2,000,000 for 2 months.

Answer the question completely. a. Suncoast Boats Inc. estimates that because of seasonal nature of its business, it will borrow additional $2,000,000 for 2 months. Suncoast will borrow @ 15% annum using a discount loan with an $8,000 processing fee. Find loan amount b. Find interest. Find other cost/fees. d. Find compensating balance. Find m and period rate. f. Find Annual Percentage Rate, APR g. Find effective annual rate, EAR. C. e

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