Royston Furnishings was able to secure a line of credit with an interest rate of 5% (EAR)

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Royston Furnishings was able to secure a line of credit with an interest rate of 5% (EAR) and an origination fee of 2%. If the loan is $2 million for a year, what rate did they actually pay

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Entrepreneurial Finance

ISBN: 978-0133140514

6th edition

Authors: Philip J. Adelman; Alan M. Marks

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Posted Date: Dec 15, 2020 07:09 AM

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Royston Furnishings was able to secure a line of credit with an interest rate of 5% (EAR)

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Answer Borrowed amount of loan 2 million I... View the full answer

Entrepreneurial Finance

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