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please solve these problems. i always give a good rating. The Ohio Valley Steel Corporation has borrowed $5.9 million for one month at a stated
please solve these problems. i always give a good rating. The Ohio Valley Steel Corporation has borrowed $5.9 million for one month at a stated annual rate of 9.3%, using inventory stored in a field warehouse as collateral. The warehouser charges a $6,500 fee, payable at the end of the month. What is the effective annual rate of this loan? The effective annual rate is \%. (Round to two decimal places.) The Signet Corporation has issued four-month commercial paper with a 56.3 million face value. The firm netted $6,154,377 on the sale. What effective annual rate (EAR) is Signet paying for these funds? The effective annual rate is \%. (Round to two decimal places.) The Treadwater Bank wants to raise $1.49 million using three-month commercial paper. The net proceeds to the bank will be $1,472,120. What is the effective annual rate (EAR) of this financing for Treadwater? The effective annual rate is \%. (Round to two decimal places.)
please solve these problems. i always give a good rating.
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