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Cost of Bank Loans places. a . The nominal annual rate on the loan was 1 1 . 5 % . What is the true
Cost of Bank Loans places. a The nominal annual rate on the loan was What is the true effective rate? b What would be the effective cost of the loan if the note required discount interest? c What would be the nominal annual interest rate on the loan if the bank did not require a compensating balance but required repayment in three equal monthly installments? 
Cost of Bank Loans places.
a The nominal annual rate on the loan was What is the true effective rate?
b What would be the effective cost of the loan if the note required discount interest?
c What would be the nominal annual interest rate on the loan if the bank did not require a compensating balance but required repayment in three equal monthly installments?
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
5th Edition
1260013987, 9781260013986
