Question
Abc Investment Ltd., plans to borrow Ghc100,000 for a 90 day period from Lloyds Finance Company. Abc investment would repay the principal amount plus Ghc5,000
Abc Investment Ltd., plans to borrow Ghc100,000 for a 90 day period from Lloyds Finance Company. Abc investment would repay the principal amount plus Ghc5,000 interest at maturity. Determine and calculate the Annual Percentage Rate of the credit to Abc Company Ltd.
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Corporate Finance Reader
Authors: Robert W. Kolb
2nd Edition
1878975536, 978-1878975539
