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What is meant when a lender quotes the terms as loan

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Reference no: EM131127849

Interpret what is meant when a lender quotes the terms on a loan as “floating with the T-bill plus 2 with caps of 2 and 6.”

Reference no: EM131127849

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What is meant when a lender quotes the terms as loan : Interpret what is meant when a lender quotes the terms on a loan as “floating with the T-bill plus 2 with caps of 2 and 6.”
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