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If an interest rate is currently 6% and a lending institution announces a 25 basis point increase, what percentage increase does this represent? Calculate the

If an interest rate is currently 6% and a lending institution announces a 25 basis point increase, what percentage increase does this represent?

Calculate the straight-line and sum-of-years-digits depreciation schedules for a $450 video camera that will have a salvage value of $50 after five years of use.

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