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asap 45) Bank of America has agreed to lend $400,000 for one year and would require payment of interest and principle totaling $450,000 at year

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45) Bank of America has agreed to lend $400,000 for one year and would require payment of interest and principle totaling $450,000 at year end. What is the effective interest rate on this loan? 46) AGCU has agreed to lend $250,000 for one year at a rate of 11.5%. Interest would be discounted, and a 15% compensating balance would be required. What is the effective interest rate on this loan

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