Question
John Doe has discussed a $200,000 four-month loan with a bank. The loan is an 11% annual rate, discount loan, and a 10% compensating balance
John Doe has discussed a $200,000 four-month loan with a bank. The loan is an 11% annual rate, discount loan, and a 10% compensating balance requirement. What is the APR of the loan? (Enter your answer as a decimal accurate to four decimal places)
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How To Trade In Stocks
Authors: Jesse Livermore
1st Edition
0071469796, 9780071469791
