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Title: Jensen Wholesalers has a $150,000 compensating balance loan with its bank. The terms of the loan ... Post by: stranahan on Nov 18, 2016 Jensen Wholesalers has a $150,000 compensating balance loan with its bank. The terms of the loan call for Robertson to keep 8% of the loan as a compensating balance and pay interest at an annual rate of 7.50% on the entire amount. If the firm borrows the maximum amount for one year, what is the EAR on this loan?
A) 8.35% B) 8.67% C) 8.15% D) 7.50% Title: Re: Jensen Wholesalers has a $150,000 compensating balance loan with its bank. The terms of the loan ... Post by: waspchichester on Nov 18, 2016 Content hidden
Title: Re: Jensen Wholesalers has a $150,000 compensating balance loan with its bank. The terms of the loan ... Post by: stranahan on Jan 6, 2017 Thank you very much for this. It's really helpful.
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