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What is the effective interest rate on a 12% loan that requires a 10 percent minimum compensating balance? a. 15.50 percent b. 14.44 percent c.
What is the effective interest rate on a 12% loan that requires a 10 percent minimum compensating balance?
a.
15.50 percent
b.
14.44 percent
c.
13.33 percent
d.
16.00 percent
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Financial Management For Nurse Managers Merging The Heart With The Dollar
Authors: Janne Dunham-Taylor, Joseph Z. Pinczuk
1st Edition
1284031039, 9781284031034
