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Tinker, Inc. finances its seasonal working capital need with short-term bank loans. Management plans to borrow $65, 000 for a year. The bank has offered

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Tinker, Inc. finances its seasonal working capital need with short-term bank loans. Management plans to borrow $65, 000 for a year. The bank has offered the company b 4.5 percent discounted loan with a 1 percent origination fee. What are the interest payment and the origination fee required by the loan? Round your answers to the nearest dollar. Interest paid 1 Origination feei $ What is the rate of interest charged by the bank? Round your answer to two decimal places: %6

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