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Suncoast Boats Inc. estimates that because of seasonal nature of its business, it will borrow $ 5 , 0 0 0 , 0 0 0

Suncoast Boats Inc. estimates that because of seasonal nature of its business, it will borrow $5,000,000 for 70 days. Suncoast will borrow @ 9% annum using a discount loan. There will be $53,000 in up-front fees.
a. Find loan amount
b. Find interest.
c. Find other cost/fees.
d. Find compensating balance.
e. Find m and period rate.
f. Find Annual Percentage Rate, APR
g. Find effective annual rate, EAR.

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