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Intelligent Autos can borrow $500,000 from its bank using a 30-day discount interest loan. The loan has a quoted interest of 10 percent and no

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Intelligent Autos can borrow $500,000 from its bank using a 30-day discount interest loan. The loan has a quoted interest of 10 percent and no compensating balance requirement. Compute the loan's periodic rate. OA) 0.83% B) 1.55% O C C) 2.00% D) 2.36% E) 2.63% Compute the loan's annual percentage rate (APR). A) 10.10% B) 10.95% C) 11.55% D) 11.86% E) 12.53% Compute the loan's effective annual rate (EAR). O A) 10.58% OB) 11.35% OC) 11.55% OD) 11.86% E) 12.53% Compute the amount Intelligent Autos must borrow so that it has $500,000 to use to pay bills. A) $557,555 B) $547,555 C) $519,000 D) $510,000 E) $504,144

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