2 answers:
Hello!
A discount rate is the minimum interest rate created by "The Federal Reserve" for renting to other banks..
Hope this helped!! ☺♥
The Federal Reserve sets an minimum rate to for lending to other banks.
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It would be simple division 5/3 = 1.66.
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$700 for 35 people but if you want to add the fee it will be $850
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i hope this will help you