Determine the effective rate of interest
If Analog computers can borrow at 9.5% for 3 years, what is the effective rate of interest on a $800,000 loan where a 15% compensating balance is required?
a. 11.18%
b. 17.27%
c. 9.50%
d. none of the above
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The Law of Supply (movement along the curve due to the price effect) occurs because A) producers usually offer more for sale at lower prices than at higher prices. B) marginal production cos
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