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Tangshan Mining borrowed $100,000 for one year under a revolving credit agreement that authorized and guaranteed the firm access to $200,000. The revolving credit agreement had a stated interest rate of 7.5 percent and charged the firm a 1 percent commitment fee on the unused portion of the agreement. Based on this information, the effective annual interest rate on the loan is ________.
Myocardial Infarction
A medical condition commonly known as a heart attack, occurring when blood flow to the heart muscle is abruptly cut off, causing tissue damage.
Cholesterol-Lowering Agent
Medications or substances intended to reduce levels of cholesterol in the blood to prevent cardiovascular diseases.
Coronary Arteries
The blood vessels that supply blood and oxygen to the heart muscle, crucial for its function and health.
Weight Loss Program
A planned course of action, including diet, exercise, and possibly behavioral therapy, designed to help an individual lose weight.
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