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Start with the partial model in the file Ch22 P11 Build a Model.xls on the textbooks Web site. Rework parts a through d of Problem
Start with the partial model in the file Ch22 P11 Build a Model.xls on the textbooks Web site. Rework parts a through d of Problem 22-9 using a spreadsheet model. Then answer the following related question.
f. Using interest rates in the range of 5% to 25% and compensating balances in the range of 0% to 30%, perform a sensitivity analysis that shows how the size of the bank loan would vary with changes in the interest rate and the compensating balance percentage.
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