If Analog computers can borrow at 9.5% annually for three years, what is the effective rate...
If Analog computers can borrow at 9.5% annually for three years, what is the effective rate of interest on a $830,000 loan where a 18% compensating balance is required? (Use 360 days in a year. Round your answer to 2 decimal places.)
Multiple Choice
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8.89%
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16.89%
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11.59%
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14.34%
Homework Answers
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If Analog computers can borrow at 9.5% annually for three years,
what is the effective rate...
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