Mathematics, 12.12.2020 20:10 ryantrajean7
Under both loans, a compensating balance equal to 20% of the amount borrowed would be required. The prime rate is currently 7%. Both the line-of-credit agreement and the revolving credit agreement would have borrowing limits of $1,000,000. For purposes of his analysis, Morton estimates that Kanton will borrow $600,000 on the average during the year, regardless of which financing strategy and loan arrangement it chooses. (Note: assume a 365-day year.) d. Find the effective annual rate under: 1) the line-of-credit agreement and 2) the revolving credit agreement. (Hint: Find the ratio of the dollars that the firm will pay in interest and commitment fees to the dollars that the firm will effectively have use of.)
Answers: 1
Mathematics, 21.06.2019 18:00
What is the value of x in the equation (2)3) (x+6)= -18 a. -36 b. -33 c. -24 d. -18
Answers: 1
Mathematics, 22.06.2019 01:40
The graph below shows the line of best fit for data collected on the number of cell phones in cell phone cases sold at the local electronic store on four different days
Answers: 3
Under both loans, a compensating balance equal to 20% of the amount borrowed would be required. The...
History, 03.02.2020 08:55
Chemistry, 03.02.2020 08:55
Mathematics, 03.02.2020 08:55
English, 03.02.2020 08:55
Mathematics, 03.02.2020 08:55
History, 03.02.2020 08:55
Mathematics, 03.02.2020 08:55
Chemistry, 03.02.2020 08:55
Social Studies, 03.02.2020 08:55
Mathematics, 03.02.2020 08:55
Mathematics, 03.02.2020 08:55
English, 03.02.2020 08:55
SAT, 03.02.2020 08:55
Social Studies, 03.02.2020 08:55