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Spoiled Baby Corp sells baby buggies and has decided to expand its operations. It needs to borrow $500,000 for 18 months and has sent you to...

Spoiled Baby Corp sells baby buggies and has decided to expand its operations. It needs to borrow $500,000 for 18 months and has sent you to negotiate with the bank.

The bank is more than willing to lend the money to the company and is offering the company a discounted note at 6%. Mr. Moneybags, the banker, has indicated that this is quite a deal and non-discounted notes are currently being charged 6.2% APR

As the company accountant you must provide the necessary information to support your recommendation to the Board of Directors.
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Solution to assignment of samy77 (Mar 15).xlsx

Solution to assignment of samy77 (Mar 15) TO:
FROM:
RE: The Board of Directors
The Accountant
Financing term for $500,000 loan
In a discounted note, the proceeds that we will receive is not the...

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