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Title: Tangshan Mining borrowed $100,000 for one year under a line of credit with a stated interest rate of ... Post by: pompa on Mar 7, 2017 Tangshan Mining borrowed $100,000 for one year under a line of credit with a stated interest rate of 7.5 percent and a 15 percent compensating balance. Normally, the firm keeps almost no money in its checking account. Based on this information, the effective annual interest rate on the loan is ________.
A) 7.5% B) 8.0% C) 8.8% D) 7.2% Title: Re: Tangshan Mining borrowed $100,000 for one year under a line of credit with a stated interest ... Post by: Ulain on Mar 7, 2017 Content hidden
Title: Re: Tangshan Mining borrowed $100,000 for one year under a line of credit with a stated interest ... Post by: Elli Francis Tomenio on Mar 23, 2020 this is nice
Title: Re: Tangshan Mining borrowed $100,000 for one year under a line of credit with a stated interest ... Post by: Antonia Webersinke on Nov 28, 2020 thank yo
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