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Other Fields Homework Help Business Topic started by: solina on Jun 1, 2017



Title: The Blackstone River Textiles Company will borrow $50 million for 6 months days from Woonssocket ...
Post by: solina on Jun 1, 2017
The Blackstone River Textiles Company will borrow $50 million for 6 months days from Woonssocket Bank. The bank will charge Blackstone 4.5 % on a discounted basis. What is the dollar amount of interest Stoney River will need to pay and how much of the loan will Blackstone actually be able to use?
A) $1,125,000 , $48,875,000
B) $1,125,000, $50,000,000
C) $2,250,000, $47,750,000
D) $1,178,009, $50,000,000


Title: Re: The Blackstone River Textiles Company will borrow $50 million for 6 months days from Woonssocket ...
Post by: David_hess on Jun 1, 2017
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Title: Re: The Blackstone River Textiles Company will borrow $50 million for 6 months days from Woonssocket ...
Post by: solina on Jun 26, 2017
Thank you
-solina