१२:५9 AA A ezto.mheducation.com Chapter 18 - Pr.. i Saved Help Save & Exit Submit 4 Good Deal Bank offers your firm a discount interest loan at 7.75% for up to $25 million and, in addition, requires...


१२:५9<br>AA<br>A ezto.mheducation.com<br>Chapter 18 - Pr..<br>i<br>Saved<br>Help<br>Save & Exit<br>Submit<br>4<br>Good Deal Bank offers your firm a<br>discount interest loan at 7.75% for<br>up to $25 million and, in addition,<br>requires you to maintain a 5%<br>compensating balance against the<br>amount borrowed.<br>Skipped<br>What is the effective annual interest<br>rate on this lending agreement? (Do<br>not round intermediate<br>calculations. Round the final<br>answer to 2 decimal places.)<br>Effective annual interest rate<br>|%<br>

Extracted text: १२:५9 AA A ezto.mheducation.com Chapter 18 - Pr.. i Saved Help Save & Exit Submit 4 Good Deal Bank offers your firm a discount interest loan at 7.75% for up to $25 million and, in addition, requires you to maintain a 5% compensating balance against the amount borrowed. Skipped What is the effective annual interest rate on this lending agreement? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Effective annual interest rate |%

Jun 02, 2022
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