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Score: 0 of 1 pt 42 of 16 (0 completely HW Score: 0% 0 of 16 pts P 15-2 (similar to) Your firm is considering
Score: 0 of 1 pt 42 of 16 (0 completely HW Score: 0% 0 of 16 pts P 15-2 (similar to) Your firm is considering two one year loan options for a $480.000 loan. The first came fees of 22% of the loan amount and charges interest of 6% of the loan amount. The other carries fees of 15% of the amount and charges interest of 5% of the loan amount a. What is the net amount of funds from each loan? b. Based on the network of funds, what is the true interest rate of each loan? a. What is the net amount of funds from each loan? The net amount of funds for option is $(Round to the newest dow)
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