Discuss how the exchange rates affect the economy

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1. Aurora Corp. made a $30,000, 1-year discount loan at 7% interest, requiring a compensating balance equal to 10% of the face value of the loan. What is the effective annual rate associated with this loan if this firm currently maintains $3,000 in its checking account?

2. What is Probate? What is a Trust?

3. Discuss how the exchange rates affect the economy.

Reference no: EM131916368

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