What is the effective interest rate on a $750,000 loan at 8% for 120 days if a

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What is the effective interest rate on a $750,000 loan at 8% for 120 days if a 20% minimum compensating balance is required?

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Practical Financial Management

ISBN: 978-1133593683

7th edition

Authors: William R. Lasher

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Question Posted: May 14, 2015 11:12 AM

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What is the effective interest rate on a $750,000 loan at 8% for 120 days if a

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The effective interest rate is the true rate of interest earned It ...View the full answer

Practical Financial Management

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