Your company plans to borrow $12 million for 12 months, and your banker gives you a stated rate of 15 percent interest. calculate the effective rate of interest for the following types of loans. a. simple 15 percent interest with a compensating balance of 12 percent

Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. (omit the "$" sign in your response.) rent for the month $ 1,330 monthly take-home salary $ 4,240 spending for food $ 880 cash in checking account $ 600 savings account balance $ 1,840 balance of educational loan $ 3,430 current value of automobile $ 9,460 telephone bill paid for month $ 804 credit card balance $ 250 loan payment $ 684 auto insurance $ 690 household possessions $ 2,480 stereo equipment $ 3,090 payment for electricity $ 200 lunches/parking at work $ 550 donations $ 118 home computer $ 1,690 value of stock investment $ 1,090 clothing purchase $ 600 restaurant spending $ 740