The company is required to maintain a 20 compensating
Francis Construction Co. has an outstanding bank loan of $600,000 at an annual interest rate of 8%. The company is required to maintain a 20% compensating balance in its chequing account. What is the annual interest cost on the loan?
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francis construction co has an outstanding bank loan of 600000 at an annual interest rate of 8 the company is required
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Please reply to this discussion posts thoughtfully Hello everyone! My name is Merari Baez. I'm 39 years old and a mother of three.