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QUESTION Y For Karl's 20 year 700.000 euro loan in the problem above, determine the actual rate he will pay in the table below if

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QUESTION Y For Karl's 20 year 700.000 euro loan in the problem above, determine the actual rate he will pay in the table below if LIBCR -1% is as shown below wide The annual cap is 1.5%, the annual floor is 1%, and the lifetime cap = 3% and the lifetime floor - 2% a. Fill out the table below points for the actual rates paid for years - year 1 year 2 LIBOR+1% 2.4% 3.6% Actual rate paid 249 3.8% years 1.6% ar 4 1.4% years 3296 year 6 5.0% year 7 5.8% years 7.9% b. 3 points What is the lowest actual rate that Karl would ever pay over the 20 year period, even if UIBOR was zero? For the toolbar, press ALT.F10 (PG) OF ALT.FN.F10 (Mac). t TE o 6

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