Question
You have a need to borrow $100,000, to be repaid in exactly one year. The stated interest rate, in arrears, is 9%. There is a
You have a need to borrow $100,000, to be repaid in exactly one year. The stated interest rate, in arrears, is 9%. There is a compensating balance requirement of 10% and a commitment fee of 1% due at closing. What is the effective cost of this bank loan? I. 11.2% II. 11.0% III. 10.0% IV. 9.0%
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The Blockchain Developer A Practical Guide For Designing Implementing Publishing Testing And Securing Distributed Blockchain Based Projects
Authors: Elad Elrom
1st Edition
1484248465, 978-1484248461
