Question: Please help me get this answer Tropic Fruit Preserves wants to borrow S4 milion for two months t uses its inventory as collateral for a

Please help me get this answer

Please help me get this answer Tropic Fruit Preserves wants to borrow

Tropic Fruit Preserves wants to borrow S4 milion for two months t uses its inventory as collateral for a 15% (APR loan under a warehouse a a the warehouse fee is $18,000 paid at the end of the two months What is the EAR of this loan for Tropic Fruit Preserves? ement where 192% 32% 7 8% 15 5%

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