About CourseLover

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:

Algebra,Applied Sciences See all

Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Engineering,Health & Medical,HR Management,Law,Marketing,Math,Physics,Psychology,Programming,Science Hide all

Teaching Since:	May 2017
Last Sign in:	283 Weeks Ago, 1 Day Ago
Questions Answered:	27237
Tutorials Posted:	27372

Education

MCS,MBA(IT), Pursuing PHD
Devry University
Sep-2004 - Aug-2010

Experience

Assistant Financial Analyst
NatSteel Holdings Pte Ltd
Aug-2007 - Jul-2017

Category > Business & Finance Posted 07 Dec 2017 My Price 10.00

interest rate on the loan with the compensating balance

Suppose your firm is seeking a seven-year, amortizing $770,000 loan with annual payments and your bank is offering you the choice between a $817,000 loan with a $47,000 compensating balance and a $770,000 loan without a compensating balance. The interest rate on the $770,000 loan is 8.0 percent.

How low would the interest rate on the loan with the compensating balance have to be for you to choose it

Answers

CourseLover

(12)

Status NEW Posted 07 Dec 2017 02:12 PM My Price 10.00

----------- ----------- H-----------ell-----------o S-----------ir/-----------Mad-----------am ----------- Th-----------ank----------- yo-----------u f-----------or -----------usi-----------ng -----------our----------- we-----------bsi-----------te -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------ns.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age-----------

Not Rated(0)

Buy Answer

Hire Dedicated Virtual Team / Business Solution for SMEs.