Question
BRN Co. plans to borrow P10,000 from MLP Bank at a stated rate of 10% per annum. (Each item is independent with one another). 1.
BRN Co. plans to borrow P10,000 from MLP Bank at a stated rate of 10% per annum. (Each item is independent with one another).
1. What is the effective rate if it has a compensating balance of P2,000, and the cash trapped in the compensating balance earns 2% a year, Brian maintains a minimum transaction balance of P500 in its account?
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Contemporary Environmental Accounting Issues Concepts And Practice
Authors: Stefan Schaltegger, Roger Burritt
1st Edition
1874719349, 9781874719342
