Question: answer this with solution wrong question this is the right one How much is the compensating balance if you need to borrow $350,000 2 points

answer this with solution

wrong question this is the right one

How much is the compensating balance if you need to borrow $350,000 2 points for one year with 9% single payment interest and a 15% compensating balance. 250000 24000 61764.71 35000 34615.38 How much is the effective cost if you need to borrow $300,000 for one year with a discount loan of 8%? 2 points 12% O 8.7% 02.04% 20.28% 17.65%

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