Compute the loans apr and rear

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Albatross boat can borrow $450,000 from its bank using a 30-day discount intrest loan. The loan has a quoted interest of 9 percent and no compensating balance requirement.(A) Compute the loans APR and Rear. (b) compute the amount Albatross must borrow so that it has $450,000 to use to pay bills. Compute the loans APR and Rear.

Reference no: EM132281232

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