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Discount loan. Up - Front Bank is now offering a two - year discount loan for 1 0 . 2 % . Working backwards, what
Discount loan. UpFront Bank is now offering a twoyear discount loan for Working backwards, what are the available funds at the start of the loan and the implied balance at the end of the first year if the total lumpsum repayment at the end of the second year is $ What is the EAR of this loan?
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