Question
If the ABC Co. needs a $200,000 loan for six months, what will the APR be if there is 40% compensating balance required, the interest
If the ABC Co. needs a $200,000 loan for six months, what will the APR be if there is 40% compensating balance required, the interest rate is 10%, interest is not discounted and the company must borrow the funds to be used for the 40% compensating balance? (PLEASE ANSWER QUESTION USING STEPS AND WITHOUT USING EXCEL)
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Financial Shenanigans How To Detect Accounting Gimmicks And Fraud In Financial Reports
Authors: Howard M. Schilit, Jeremy Perler, Yoni Engelhart
4th Edition
126011726X, 9781260117264
