Question: answer this with solution 2 points How much is the interest if you need to borrow $400,000 for one year with $475,000 line credit, where

answer this with solution

2 points How much is the interest if you need to borrow $400,000 for one year with $475,000 line credit, where any borrowing have a single payment interest of 20% and there is a 1.5% fee for any unused credit? O 1265 O 1125 60000 80000 32000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

answer this with solution 2 points How much is the fee if you need to borrow $400,000 for one year with $475,000 line credit, where any borrowing have a single payment interest of 20% and there is a...

answer this with solution 2 points How much is the effective cost if you need to borrow $250,000 for one year with 12% single payment interest? 8.7% 2.04% O 12% 0 20.28% 17.65%

answer this with solution 2 points How much is the loan amount if you need to borrow $350,000 for one year with 9% single payment interest and a 15% compensating balance.* 315000 O 3750000 0411764.71...

answer this with solution 2 points How much is the effective cost if you need to borrow $350,000 for one year with 9% single payment interest and a 15% compensating balance. * O 2.04% O 17.65% O 8.7%...

answer this with solution 2 poin How much is the effective cost if you need to borrow $400,000 for one year with $475,000 line credit, where any borrowing have a single payment interest of 20% and...

On a 365-day basis, what is the effective annual rate of using trade credit if terms are 2/10, net 30, and payment is made on the twentieth day? * 104% 1.09% 109% 10% 2.04% 12% How much is the...

First Exam Total Points: 100 Due: 1. Please select the best answer for each of the following multiple choice questions by indicating its corresponding letter in your solution. (2 points each) a....

Should You Borrow to Make an RRSP Contribution? Answering this question occupies dozens of financial commentaries as the March 1 RRSP contribution deadline approaches each year. Many financial...

FORD: AN ALJTO COMPANY IN TRANSITION In January 2019, the Ford Motor Company celebrated as the F-Series line of pickups became the top-selling trucks in the United States for the 42nd consecutive...

A worker takes 13 hours to complete work on daily wages and 8 hours on a scheme of payment by results. The worker's day rate is $90 per hour. The cost of material of the product is $300 and the...

A particle is confined to a three-dimensional box that has sides L 1 , L 2 = 2L 1 , and L 3 = 3L 1 . Give the quantum numbers n 1 , n 2 , n 3 that correspond to the lowest ten quantum states of this...

A small srganic cereal compary and the Centers for Disease Control and Prevention decide to join forces to advertise the healch benetsts of fiber on the cereal company's boves. This is an example of...

Consider the following information: State Probability Stock A Stock B Stock C Boom 0.65 0.09 0.04 0.03 Bust 0.35 -0.15 0.22 -0.03 What is the expected return on an equally weighted portfolio of these...

What,in your opinion, should the store managers job description look like and what activities should it contain? Based on her review of the stores, Jennifer concluded that one of the first matters...

Whatis human resources planning and how will it help Carters strategic plans? While in college, Jennifer was especially interested in labour forecasting. She learned that a key component of HR...

Outline three quantitative techniques for forecast-ing future HR demand. Outline three strategies usedto forecast internal HRsupply. While in college, Jennifer was especially interested in labour...