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(Solved by Expert Tutors) Tinker, Inc. finances its seasonal working capital need with short-term


bank loans. Management plans to borrow $65,000 for a year. The bank has offered the company a 3.5% discounted loan with a l.5% origination fee. What are the interest payment and the origination fee required by the loan? What is the rate of interest charged by the bank?

 


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Apr 19, 2020

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