What is the effective rate of interest on a 880000 loan


If Analog computers can borrow at 10.0% for 3 years, what is the effective rate of interest on a $880,000 loan where a 13% compensating balance is required?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What is the effective rate of interest on a 880000 loan
Reference No:- TGS02361571

Expected delivery within 24 Hours