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stranahan stranahan
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7 years ago
Your bank offers discount loans at a discount rate of 7.50%. If you borrowed $50,000 as a discount loan from the bank today at this rate (you receive less than the face value today and repay the face value in one year), how much money would you receive today? What is the EAR of this loan?
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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blightermournblightermourn
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7 years ago
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Kumbaya my lord, Kumbaya

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stranahan Author
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#2
7 years ago
Thank you very much for this. It's really helpful.
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