Anation with a higher average level of material well-being is a(n)a. developed nation b. infrastructure c. newly industrialized countries (nic)

Double corporation acquired all of the common stock of simple company for

Money from an allowance or job is known as .

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?