currently the bank is providing one year discount loans at 7.7% if you were required to repay 300,000$ at the end of the loan for one year, how much would the bank have given you at the start of the loan? what is the effective rate on these loans?

Score: 0 of 1 pt 4 of 100.com HW Score: 0%, of 10 pts Question Help P15-5 (similar to) Discount loan. UpFront Blank es discourt loans for the customers who want one year cars. Curry the bank is providing on your discount for at 7.7%. What is the auctis annual rate on these aru? If you were required to repay $300,000 t the end of the loan for one year, how much would the bank have given you at the start of the loan? you were required to pay $300,000 at the end of the loan for one year, how much would the bank have given you at the start of the an? 5278551 54 Round to the nearest dollar)