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Your firm needs to borrow $500,000 for one year. Your banker offers the following four loan options. Which one will you choose? Cie., which offer
Your firm needs to borrow $500,000 for one year. Your banker offers the following four loan options. Which one will you choose? Cie., which offer has the lowest effective rate?) Select one: O a 12.00% simple interest Ob 11.75% discount interest Oc9.00% simple interest with a 20.00% compensating balance od 9.05% discount interest with a 12 compensating balance Clear my choice
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