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What is the cost of an unsecured bank loan of $ 4 0 0 , 0 0 0 with a 1 5 % compensating balance

What is the cost of an unsecured bank loan of $400,000 with a 15% compensating balance and interest rate of 10% per year, borrowed for 180 days? The loan requires discounted interest. Assume a 360 day year. Submit your answer as a percentage and round to two decimal places (Ex.0.00%).

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