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Title: Robertson Lumber has a $250,000 compensating balance loan with its bank. The terms of the loan call ... Post by: stranahan on Nov 18, 2016 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?
A) 7.22% B) 7.39% C) 6.87% D) 6.50% Title: Re: Robertson Lumber has a $250,000 compensating balance loan with its bank. The terms of the loan ... Post by: crackerspoppy on Nov 18, 2016 Content hidden
Title: Re: Robertson Lumber has a $250,000 compensating balance loan with its bank. The terms of the loan call ... Post by: stranahan on Jan 6, 2017 Thank you for the help. I had a few questions on a few of them and this really confirmed my answers.
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