Type your answer in the box. A company has $400,000 of debt outstanding. In the upcoming...

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Answer 1

Answer #1

Answer is Annual percentage rate associated with Interest is 10%

Total Debt service cost			25,000
Less; Principal amount included			15000
Interest amount for the quarter			10000
Total Debt outstanding			400,000
Interest rate per quarter			2.50%
Annualised Interest rate (2.5%*4)			10.00%

Answer 2

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