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Datatech is planning a $2,000,000 issue of 270-day commercial paper. The interest rate is 2 percent under the prime rate of 6.75 percent. Datatech will

Datatech is planning a $2,000,000 issue of 270-day commercial paper. The interest rate is 2 percent under the prime rate of 6.75 percent. Datatech will incur $15,000 in other issue related expenses which will be prepaid. Interest is to be discounted and a 360 day year is to be used. A. Find the loan amount

B. Find the interest C. Find other costs/fees D. Find period rate E. Find m F. Find the annual percentage rate (APR) G. Find the effective annual cost (EAR)

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