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Homework: Chapter_15 Save Score: 0 of 1 pt 2 of 16 (10 completo) HW Score: 54.69% 8.75 of 16 pts P 15-2 (similar to) Question

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Homework: Chapter_15 Save Score: 0 of 1 pt 2 of 16 (10 completo) HW Score: 54.69% 8.75 of 16 pts P 15-2 (similar to) Question Help Your firm is considering two one year loan options for a $400,000 loan. The first cries fees of 22% of the loan amount and charges rest of all of the loan amount. The other carties foes of 15% of the loan amount and charges interest of 5% of the loan amount a What is the net amount of funds from each loan? b. Based on the net amount of funds, what is the true interest rate of each loan? a. What is the net amount of funds from each loan? The net amount of funds for option 1 is $Round to the nearest dolar)

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