Business, 21.02.2020 20:38 isabelperez063
Your company plans to borrow $11 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 14 percent.
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Your company plans to borrow $11 million for 12 months, and your banker gives you a stated rate of 1...
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