Morgan contractors borrowed 150 million at an apr of 40
Morgan Contractors borrowed $1.50 million at an APR of 4.0 percent. The loan called for a compensating balance of 5 percent. What is the effective interest rate on the loan?
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morgan contractors borrowed 150 million at an apr of 40 percent the loan called for a compensating balance of 5 percent
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you have just completed the first year of operation for your business and have the following information sales 200000
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