Disceunt loan. Up. Front Bank uses discount loans for all is cuntomers who want coe year loans. Curfently, the bank is providing one yoar docount loans at 7 . 8% What is the effective annual rate hhese kars? U you were ingueed lo repay $725,000 at the end of the loan for one year, how much would the bank have given you at the start of the ban? (thound th then nowst dolas)