Cost of transaction loan trading company ltd is considering, Finance Basics

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Cost of transaction loan trading company ltd is considering

Question: (Cost of transaction loan) Trading Company Ltd. is considering getting an unsecured transaction loan from a local bank. The loan is for a period of 4 months with value of $250,000. The bank offered 11 percent for the loan and additional cost of $12,500. Calculate the cost of the transaction loan and list what other requirements the bank may have in the future.

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