To help fund an addition to your house you borrow 25000, Financial Management

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To help fund an addition to your house you borrow 25000

To help fund an addition to your house, you borrow $25,000 from your bank. The conditions of your loan state that the interest rate is 9 percent compounded monthly. Assuming a tax rate of 40 percent (paid annually), determine the following:

1) The Effective before tax cost of capital?

2) The Effective after tax cost of capital?

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Financial Management: To help fund an addition to your house you borrow 25000

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Financial Management: To help fund an addition to your house you borrow 25000

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