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please provide detailed steps 2. Talmund Book company borrows $16,000 for 30 days at 9% interest. What is the dollar cost of the loan? 3.

please provide detailed steps

2. Talmund Book company borrows $16,000 for 30 days at 9% interest. What is the dollar cost of the loan? 3. Calculate the cost of discounting a $100,000 bankers' acceptance if it is due in 90 days and is sold at $97,915. Ignore bank fees

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