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Business, 22.01.2020 00:31 malikbryant2002
During the recession of 2007-2009, despite falling income levels, the fast-food chain subway experienced increased sales. the increase in demand for subway sandwiches despite the decline in income indicates that subway sandwiches are considered
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Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances
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During the recession of 2007-2009, despite falling income levels, the fast-food chain subway experie...
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