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Business, 05.05.2020 22:08 Jamilia561
Rockville Corporation is going to borrow $250,000 from its bank at an APR of 8.5 percent. The bank requires its customers to maintain a 10 percent compensating balance. What is the effective interest rate on this bank loan? Round to 4 decimal places and enter percentages as a decimal
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Rockville Corporation is going to borrow $250,000 from its bank at an APR of 8.5 percent. The bank r...
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