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What is the cost of an unsecured bank loan of $ 400,000 with a 10% compensating balance and interest rate of 8% per year, borrowed

What is the cost of an unsecured bank loan of $ 400,000 with a 10% compensating balance and interest rate of 8% per year, borrowed for 180 da interest. Assume a 360 day yearSubmit your answer as a percentage and round to two decimal places (Ex. 0.00%)

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