To obtain net loans from gross loans the following items must be subtracted: a. reserve for loan losses b. unearned income c. all loans in arrears d. unearned income and reserve for loan losses Assume...

To obtain net loans from gross loans the following items must be subtracted:

reserve for loan losses

unearned income

all loans in arrears

unearned income and reserve for loan losses

Assume quarterly-payments of $3,000 loan for one year at 8 percent. The APR is

8.24 percent

none of the above

10.24 percent

12.42 percent

Loans made to closely held firms should have

collateral

relationship pricing

pro-forma statements

guarantees of the principals

Jun 09, 2022

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