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PanAir Reservations ( PAR ) borrowed $ 1 8 0 , 0 0 0 for 7 2 days from its bank. The interest rate on
PanAir Reservations PAR borrowed $ for days from its bank. The interest rate on the loan is percent. Assume there are days in a year. Calculate the APR and rEAR assuming the loan is a simple interest loan with no compensating balance requirement. Do not round intermediate calculations. Round your answers to two decimal places. APR: rEAR: Calculate the APR and rEAR assuming the loan is a simple interest loan with a percent compensating balance requirement, and PAR currently holds no funds at the lending bank. Do not round intermediate calculations. Round your answers to two decimal places. APR: rEAR: How much would PAR have to borrow if it needed $ to pay bills and the loan required a percent compensating balance? Round your answer to the neares dollar. $
PanAir Reservations PAR borrowed $ for days from its bank. The interest rate on the loan is percent. Assume there are days in a year.
Calculate the APR and rEAR assuming the loan is a simple interest loan with no compensating balance requirement. Do not round intermediate calculations. Round your answers to two decimal places.
APR:
rEAR:
Calculate the APR and rEAR assuming the loan is a simple interest loan with a percent compensating balance requirement, and PAR currently holds no funds at the lending bank. Do not round intermediate calculations. Round your answers to two decimal places.
APR:
rEAR:
How much would PAR have to borrow if it needed $ to pay bills and the loan required a percent compensating balance? Round your answer to the neares dollar.
$
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