Tinkerinc finances its seasonal working capital need with, Ask an Expert

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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 percent discounted loan with a 1.5 percent 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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