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315 FAROVI Week 5 m 2 Chapters - 11 A company requires a 12- month loan of $100.000 and borrows on a discount interest basis
315 FAROVI Week 5 m 2 Chapters - 11 A company requires a 12- month loan of $100.000 and borrows on a discount interest basis at a nominal rate of 3.2. the company must actually receive 100.000 el proceeds, calculate the face value of the note, is out of g question Select one O a $10.306 Ob $113,636 c. $103,200 Od. $123.967 o 12 + med Calculate the annual cost of failing to take a cash discount under the following terms 2/14, net 31 out of 1 question Select one: O.43% Ob.42% Oc. 23% Od: 25% 13 A firm plans to borrow $864.077 for one year. The bank will lend the money at 17 percent and requires a compensating balance of 6 percent. What is the effective rate of interest? ut of 1 Select one: O a. 18.1% question Ob. 23.0% O c. 2.8% d. 23.4% bow long-term at 9 percent interest per year for two years. Ateratively
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