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Williams Inc. needs to raise $ 3 0 0 , 0 0 0 for a nine - month term. Williams's bank has offered to lend
Williams Inc. needs to raise $ for a ninemonth term. Williams's bank has offered to lend Williams the money at a simple intere rate. Williams will receive the $ upon approval of the loan and will pay back the principal and interest at maturity.
Calculate the interest payment, the amount of cash received, the annual percentage rate APR and the effective annual rate EAR of this loan.
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