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Business, 22.06.2019 10:00 kromer6797

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

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Your company plans to borrow $12 million for 12 months, and your banker gives you a stated rate of 1...
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