What is the effective annual rate on these, Financial Management

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What is the effective annual rate on these

Up-Front Bank uses discount loans for all its customers who want one-year loans. Currently, the bank is providing? one-year discount loans at 8.2%.

a. What is the effective annual rate on these loans?

b. If you were required to repay $285,000 at the end of the loan for one year, how much would the bank have given you at the start of the loan?

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