Calculate the effective annual interest rate for a $100,000 simple interest loan with 10% interest due at
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Question:
Calculate the effective annual interest rate for a $100,000 simple interest loan with 10% interest due at the end of the year and 10% compensating balance.
Calculate the effective annual interest rate for a $100,000 discounted loan with 10% interest and 10% compensating balance.
Related Book For
Financial Management Theory and Practice
ISBN: 978-0176517304
2nd Canadian edition
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
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