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Question 6 Suppose you want to get a $500,000 three-month loan from a bank. The loan is a 9% annual rate, discount loan, a compensating

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Question 6 Suppose you want to get a $500,000 three-month loan from a bank. The loan is a 9% annual rate, discount loan, a compensating balance requirement. What is the APR of the loan? (Enter your answer as a decimal accurate to four places) Question 6 Suppose you want to get a $500,000 three-month loan from a bank. The loan is a 9% annual rate, discount loan, a compensating balance requirement. What is the APR of the loan? (Enter your answer as a decimal accurate to four places)

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