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Tinker, inc. finances its seasonal working capital need

Tinker, inc. finances its seasonal working capital need.

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? 

Tinker, inc. finances its seasonal working capital need

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