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Maggie's Merchandising (MM) is taking out a new 3-year bank loan for $100,000 at 5% interest. The bank charges 2% closing fees on the loan.

Maggie's Merchandising (MM) is taking out a new 3-year bank loan for $100,000 at 5% interest. The bank charges 2% closing fees on the loan. After closing fees what are the net proceeds available t...

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