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Van Buren Resources Inc. is considering borrowing $100,000 for 202 days from its bank. Van Buren will pay $5,000 of interest at maturity, and it

Van Buren Resources Inc. is considering borrowing $100,000 for 202 days from its bank. Van Buren will pay $5,000 of interest at maturity, and it will repay the $100,000 of principal at maturity. Assume that there are 365 days per year.

Calculate the loans annual financing cost _%. Round your answer to two decimal places.

Calculate the loans annual percentage rate %. Round your answer to two decimal places.

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