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Size of the loan that nissan granted

An automobile company, NISSAN, has a temporary cash surplus and lends its funds overnight through a repurchase agreement to a government securities dealer, earning $55,600 in interest income when the RP loan rate stood at 5.70 percent. What was the size of the loan that NISSAN granted to the securities dealer?

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Size of the loan that nissan granted

Reference No:- TGS0559175

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Determining the annual interest rate

Q : A controversy has now arisen among company officials

Q : What behavioral problems are associated with establishing

Q : What to pay for an annuity of amount paid every six months

Q : Size of the loan that nissan granted

Q : Explain the total manufacturing cost for the period

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Q : Why should be reported as the carrying amount

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Size of the loan that nissan granted

Reference No:- TGS0559175

Recent Questions Asked Finance Basics

Q : Determining the annual interest rate

Q : A controversy has now arisen among company officials

Q : What behavioral problems are associated with establishing

Q : What to pay for an annuity of amount paid every six months

Q : Size of the loan that nissan granted

Q : Explain the total manufacturing cost for the period

Q : How much revenue from this investment should dyer

Q : What is the bank capital

Q : Why should be reported as the carrying amount

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