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Effective Interest Rate Quiz loan amount 400,000 interest rate 13% Interest is prepaid compesating balance 5% What is the effective interest rate of this loan?
| Effective Interest Rate Quiz | ||||||
| loan amount | 400,000 | |||||
| interest rate | 13% | |||||
| Interest is prepaid | ||||||
| compesating balance | 5% | |||||
| What is the effective interest rate of this loan? | ||||||
| How much should I borrow to leave the bank (and get to spend) 400,000 ? | ||||||
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The New Yellow Book Government Auditing Standards
Authors: Rebecca A. Meyer
1st Edition
1119784638, 978-1119784630
