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Business, 03.07.2019 01:30 alcott1110

Robertson lumber has a $250,000 compensating balance loan with its bank. the terms of the loan call for robertson to keep 10% of the loan as a compensating balance and pay interest at an annual rate of 6.50% on the entire amount. if the firm borrows the maximum amount for one year, what is the ear on this loan?

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Robertson lumber has a $250,000 compensating balance loan with its bank. the terms of the loan call...
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