Ranger cleaning company has borrowed 90000 at a stated apr, Financial Management

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Ranger cleaning company has borrowed 90000 at a stated apr

1. Ranger Cleaning Company has borrowed $90,000 at a stated APR of 8.5 percent. The loan calls for a compensating balance of 8 percent.

What is the effective interest rate on this loan? (Round answer to 2 decimal places, e.g. 15.21.)

Effective interest rate %

2. Techno Corp. management is considering developing new computer software. The cost of development will be $675,000, and management expects the net cash flow from sale of the software to be $195,000 for each of the next six years. If the discount rate is 14 percent, what is the net present value of this project?

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Financial Management: Ranger cleaning company has borrowed 90000 at a stated apr

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Financial Management: Ranger cleaning company has borrowed 90000 at a stated apr

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