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j For a nine month loan of $15.000 with an APR interest rate of 9%, determine the APY of a discount loan with a 10%
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For a nine month loan of $15.000 with an APR interest rate of 9%, determine the APY of a discount loan with a 10% compensating balance. Please click on the following link to access a blank Excel-type worksheet: Blank XLS Worksheet.xlsa 9.79% 10.35% 10.95% 11.23% Step by Step Solution
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