Define unsecured loan and secured loan with an example

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Question a) If you pay $7388.5 in interest on $705 000 principal for 9 months, what is the nominal annual rate?

Question b) What interest do you pay for borrowing $ 903 000 at 9.5% p.a. for 6 months?

Question c) Define Unsecured Loan and Secured Loan with an example.

Question d) Explain three motives of holding cash in the organization.

Reference no: EM132554390

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