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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: mantparn 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 a balance of about $10,000 in its checking account. Based on this information, the effective annual interest rate on the loan is ________.
A) 7.89% B) 8.05% C) 8.89% D) 7.29% 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 rate of ... Post by: mantparn on Apr 29, 2017 Whoa I needed this :D
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