isanaty3237 isanaty3237
  • 21-10-2022
  • Business
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gulliver travel agency thinks interest rates in europe are low. the firm borrows euros at 10 percent for one year. during this time period, the dollar falls 17 percent against the euro. what is the effective interest rate on the loan for one year? (consider the 17 percent fall in the value of the dollar as well as the interest payment.)

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