1 Jim's Electrical is offered a $400,000 line of credit for six months at an APR of 9 The bank requires that the firm keep an amount equal to 5 of the loan principal in a non interest earning account with the bank as long as the loan remains outstanding What is the actual six month interest rate p...

The amount to be borrowed should include the compen ...

1. Jim's Electrical is offered a $400,000 line of credit for six months at an APR...

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