Question
A bank charges Progress Inc. an interest rate of 5.5% compounded quarterly on its line of credit. If 0.5% was added to the effective interest
A bank charges Progress Inc. an interest rate of 5.5% compounded quarterly on its line of credit. If 0.5% was added to the effective interest rate, calculate the new interest rate compounded quarterly. 0.00 % Round to two decimal places
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The Bank Credit Analysis Handbook
Authors: Jonathan Golin, Philippe Delhaise
2nd Edition
0470821574, 978-0470821572
