subject
Business, 25.05.2021 17:00 glosstear

New Town Bank offers you a line of credit of $50,000 with an interest rate of 2.1 percent per quarter. The loan agreement also requires that 2.5 percent of the unused portion of the credit line be deposited in a non-interest-bearing account as a compensating balance. Short-term investments are currently paying .68 percent per quarter. What is the effective annual interest rate on the line of credit if you borrow the entire amount for one year

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 12:30
Jack should consider job enrichment when designing the new commercial cleaner jobs so that
Answers: 1
question
Business, 21.06.2019 19:30
Consumer surplus is: the difference between the price of a product and what consumers were willing to pay for the product. the difference between the discounted price of a product and its retail price. the difference between the price paid by consumers and the price required of producers. the difference between the price of a product and consumers' valuation of the last unit of the product purchased.
Answers: 2
question
Business, 21.06.2019 21:00
The following accounts appeared in recent financial statements of delta air lines. identify each account as either a balance sheet account or an income statement account. for each balance sheet account, identify it as an asset, a liability, or stockholders' equity. for each income statement account, identify it as a revenue or an expense. item financial statement type of account accounts payable balance sheet advanced payments for equipment balance sheet air traffic liability balance sheet aircraft fuel (expense) income statement aircraft maintenance (expense) income statement aircraft rent (expense) income statement cargo revenue income statement cash balance sheet contract carrier arrangements (expense) income statement flight equipment balance sheet frequent flyer (obligations) balance sheet fuel inventory balance sheet landing fees (expense) income statement parts and supplies inventories balance sheet passenger commissions (expense) income statement passenger revenue income statement prepaid expenses income statement taxes payable balance sheet
Answers: 1
question
Business, 22.06.2019 10:50
Melissa is a very generous single woman. before this year, she had given over $11,400,000 in taxable gifts over the years and has completely exhausted her applicable credit amount. in the current year, melissa gave her daughter riley $100,000 and promptly filed her gift tax return. melissa did not make any other gifts this year. how much gift tax must riley pay the irs because of this transaction?
Answers: 2
You know the right answer?
New Town Bank offers you a line of credit of $50,000 with an interest rate of 2.1 percent per quarte...
Questions
question
Mathematics, 18.09.2020 20:01
question
Spanish, 18.09.2020 20:01
question
Mathematics, 18.09.2020 20:01
question
Mathematics, 18.09.2020 20:01
question
Mathematics, 18.09.2020 20:01
question
Biology, 18.09.2020 20:01
question
Mathematics, 18.09.2020 20:01
question
Mathematics, 18.09.2020 20:01
question
Mathematics, 18.09.2020 20:01
question
Mathematics, 18.09.2020 20:01
question
Mathematics, 18.09.2020 20:01
question
Chemistry, 18.09.2020 20:01
question
Mathematics, 18.09.2020 20:01
question
Mathematics, 18.09.2020 20:01
question
Mathematics, 18.09.2020 20:01
question
Mathematics, 18.09.2020 20:01
question
Mathematics, 18.09.2020 20:01
question
Health, 18.09.2020 20:01
question
Chemistry, 18.09.2020 20:01
question
Mathematics, 18.09.2020 20:01