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Find the annual financing cost (AFC) of a 162 day discount bank loan with a 5.23% rate. Assume you borrow $211,066m. You Answered 12.43 Correct

Find the annual financing cost (AFC) of a 162 day discount bank loan with a 5.23% rate. Assume you borrow $211,066m.

You Answered 12.43

Correct Answer 5.35

How to solve and get 5.35?

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