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Title: DAS, Inc. has a line of credit with FBT Bank that allows DAS to borrow up to $400,000 at an annual ... Post by: borteleto on Jul 6, 2018 DAS, Inc. has a line of credit with FBT Bank that allows DAS to borrow up to $400,000 at an annual interest rate of 11 percent. However, DAS must keep a compensating balance of 25 percent of any amount borrowed on deposit at the bank. DAS does not normally have a cash balance account with the bank. What is the effective annual cost of credit?
A) 11.45% B) 12.59% C) 14.67% D) 16.00% Title: DAS, Inc. has a line of credit with FBT Bank that allows DAS to borrow up to $400,000 at an annual ... Post by: guzman on Jul 6, 2018 Content hidden
Title: DAS, Inc. has a line of credit with FBT Bank that allows DAS to borrow up to $400,000 at an annual ... Post by: borteleto on Jul 6, 2018 TY!
Title: DAS, Inc. has a line of credit with FBT Bank that allows DAS to borrow up to $400,000 at an annual ... Post by: guzman on Jul 6, 2018 You're welcome
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