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Your company is looking at financing $250,000 for three years. The interest rate will be .03 in year 1, .06 in year 2 and .14

Your company is looking at financing $250,000 for three years. The interest rate will be .03 in year 1, .06 in year 2 and .14 in year 3. Calculate your total interest costs assuming you don't pay any of the loan back. Using expectations theory what would be the interest rate on a 3 year loan?

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