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

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Tinker, inc. finances its seasonol working capital need with short-term bank loans. Management plans to borrow $65,000 for a year. The bank has offered the company a 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 you answers to the nearest dollar. Interest paid: $ Origination fee: $ What is the rate of interest charged by the bank? Round your answer to two decimal places

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