You need to borrow funds for 2 weeks but can only get a discount loan with a stated rate of interest of 7.5%. If you need to have $100,000 in cash, how much should you borrow?

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The Answer of You need to borrow funds for 2 weeks but can only get a discount loan with a stated rate of interest of 7.5%. If you need to have $100,000 in cash, how much should you borrow?

You Need to Borrow Funds for 2 Weeks but Can