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As a CFO of Walmart, you are considering the purchase of 5 million doses of vaccine to your 2 . 2 million employees. Your bank

As a CFO of Walmart, you are considering the purchase of 5 million doses of vaccine to your 2.2 million employees. Your bank granted you a 3-year amortizing loan with 4% Annual rate. The loan is to be repaid in equal monthly payments. If you need to borrow $50 million to purchase the vaccines, what will be the net cost of the loan?

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