Alpha Geek

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    Polytechnic State University Sanluis
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    Polytechnic State University
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Category > Business & Finance Posted 20 Jun 2017 My Price 15.00

Consider two loans with a 1-year maturity and identical face values:

  1. Consider two loans with a 1-year maturity and identical face values: an 8% loan with a 1% loan origination fee and an 8% loan with a 5% (no-interest) compensating balance requirement. Which loan would have the higher effective annual rate? Why?

  2. What is the difference between evergreen credit and a revolving line of credit?

  3. Which of the following one-year $1000 bank loans offers the lowest effective annual rate?

    1. A loan with an APR of 6%, compounded monthly

    2. A loan with an APR of 6%,

Answers

(8)
Status NEW Posted 20 Jun 2017 11:06 AM My Price 15.00

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