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answer all please Accounts receivable as collateral, cost of borrowing Maximum Bank has analyzed the accounts receivable of Scientific Software, Inc. The bank has chosen

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answer all please

Accounts receivable as collateral, cost of borrowing Maximum Bank has analyzed the accounts receivable of Scientific Software, Inc. The bank has chosen eight accounts totaling $200,000 that it will accept as collateral. The bank's terms include a lending rate set at prime + 3% and a 1.5% commission charge. The prime rate currently is 9% Help a. The bank will adjust the accounts by 10% for returns and allowances. It then will lend up to 95% of the adjusted acceptable collateral. What is the maximum amount that the bank will lend to Scientific Software? b. What is Scientific Software's effective annual rate of interest if it borrows $150,000 for 12 months? For 6 months? For 3 months? (Note: Assume a 365-day year and a prime rate that remains at 9% during the life of the loan) est a. The maximum amount that the bank will lend to Scientific Software is $(Round to the nearest dollar) Question Viewer Enter your answer in the answer box and then click Check Answer ? 3 parts remaining

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