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Business, 19.03.2021 01:30 genyjoannerubiera
bank commercial lending department is currently offering businesses loans with 9.6% interest compounded daily. A business borrows $100 million for repayment in two parts, the first $50million to be paid in 120 days, the next $50 million in two years plus 120 days. Consider the loan as two separate loans of $50 million each and calculate the loan payments.
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