AXN Sdn Bhd needs to raise RM1, 000,000 in short-term loan for five months. loan from OCBCbank at discounted interest ra

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answerhappygod
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AXN Sdn Bhd needs to raise RM1, 000,000 in short-term loan for five months. loan from OCBCbank at discounted interest ra

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AXN Sdn Bhd needs to raise RM1, 000,000 in short-term loan forfive months. loan from OCBCbank at discounted interest rate of 12%per annum and a 20% compensating balance. Thepresent accountbalance in the company is RM 100,000. Compute the effective cost offinancing.
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