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please show formulas To meet the needs of temporary working capital, SoGood Candy Company has decided to issue commercial paper which will mature in 8

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please show formulas

To meet the needs of temporary working capital, SoGood Candy Company has decided to issue commercial paper which will mature in 8 months. The commercial paper was issued for 1.6 millin and they received 1.5 million. What is the effective annual rate that they will pay for this loan? Annual Percentage Rate(APR) Effective Annual Rate (EAR)

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