Question
What interest rate would make it worthwhile to incur a compensating balance of $21,000 in order to get a 1 percent lower interest rate on
What interest rate would make it worthwhile to incur a compensating balance of $21,000 in order to get a 1 percent lower interest rate on a 1 year, pure discount loanof $280,000?What is the interest rate %?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
