Business: With a quoted interest rate of 5% and a 10% compensating balance, what is the effective rate of interest (use a $200,000 loan proceeds amount)? round your final answer into 2 decimal places. for example, if your answer is 0.01%, put 0.01 in the system.

With a quoted interest rate of 5% and a 10% compensating

Ответ:

juliahbaratt2717

10.01.2022

Business

effective rate of interest= 5.56%

Explanation:

Please see attachment .

With a quoted interest rate of 5% and a 10% compensating balance, what is the effective rate of inte

0,0(0 оценок)

Ответ:

kayleahwilliams6

27.02.2023

Business

Answer is in the photo. I can only upload it to a file hosting service. link below!

shorturl.at/jozHP

0,0(0 оценок)

Ask your question to the AI advisor

Ai-bot is an expert in any field and is the perfect companion for reliable and useful answers and advice on a variety of topics, including science, history, technology, art, sports, health, culture and more.

Ask your question

With a quoted interest rate of 5% and a 10% compensating balance, what is the effective rate of interest (use a $200,000 loan proceeds amount)? round your final answer into 2 decimal places. for example, if your answer is 0.01%, put 0.01 in the system.

Ответ:

Ответ:

Ask your question to the AI advisor

More tips

Answers on questions: Business

Ask an AI advisor a question