Question
If I need $22,000 and a bank offers me a loan charging 5% interest annually, but the loan comes with an 11% compensating balance,
If I need $22,000 and a bank offers me a loan charging 5% interest annually, but the loan comes with an 11% compensating balance, how big of a loan will I need?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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