ch15 Q3 please answer all parts

ork (Cost of short-term bank loan on July 1, 2016. The Southwest Forging Corporation wood for the creator The forms of the agreement for a $100.000 maximum loan with interest percent over prime on the H LAN balance in its demand deposit account throughout the year. The proteis cunny 12 percent. Nosti na a. Southwest nommaly maintains a 322,000 to $2.000 bis checking out with FNB of what is the second the line of credit agreement when the maximum loan amount is used for a year? b. Compute the effective cost of credit the firm borrows the compensating balance and the main point de hormon the full amount of the loan is outstanding for a whole year Test a. W Southwest normally maintains a $22,000 to 532.000 balance in its chocking account with FNB of Dallas what is the effective concretor APR lino-al-credit agreement when the maximum loan amount is used for a full year L% (Round to two decimal places) Clear all Check answer 2 D Q 154 PM 4/25/2022 E a @all MSFT O BE tre to search