Would it be worth it to incur a compensating balance of $7,500 in order to get a
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Would it be worth it to incur a compensating balance of $7,500 in order to get a 0.65-percent-lower interest rate on a two-year, pure discount loan of $150,000?
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It depends upon whether 150000 1 i or 157500 1 i 00065 is larger The compensating ba...View the full answer
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Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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