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Atalanta Hotel Inc. plans to invest $519 million. A consortium of banks is willing to finance the company, conditioned that the loan would be repaid
Atalanta Hotel Inc. plans to invest $519 million. A consortium of banks is willing to finance the company, conditioned that the loan would be repaid 30 equal annual end-of year payments of $5 million. The financing rate on this loan is then equal to:
Group of answer choices
7.52%
7.25%
5.72%
5.27%
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