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Problem & Prime vs. LBOR (LO) Or. Ruth is going to borrow $5,000 to help write a book. one year and the 1.5 percent less.

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Problem & Prime vs. LBOR (LO) Or. Ruth is going to borrow $5,000 to help write a book. one year and the 1.5 percent less. Also assume there will be a $45 transaction fee with LIBOR (this The loan is for one year and the money can ether be borrowed at the prime rate or the LUBOR rate. Assume the prime rate is 11 percent and LIBO)R

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