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Alexxx [7]
3 years ago
10

A(n) _____ is a network based on web technologies that allows selected outsiders, such as business partners and customers, to ac

cess authorized resources of a company's intranet.
Business
1 answer:
sladkih [1.3K]3 years ago
6 0
Extranet is a network based on web...
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If a company issued a short-term note payable to a bank with a stated 12 percent rate of interest and in addition the bank charged a .5% loan origination fee and remitted the balance to the company. The effective interest rate paid by the company in this transaction would be 17%

The effective annual interest rate is <u>the interest rate that is actually earned or paid on an investment, loan</u> or other financial product.

Hence, since the company is both paying the initial 5% and the later 12%, effectively the company is paying 17% on the note payable.

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