What must the rate be less than to be worth it to incur a compensating balance of $20,000 in order to get a 2 percent lower interest rate on a one-year, pure discount loan of $200,000?
A. The rate must be greater than 78 percent.
B. The rate must be less than ?78 percent.
C. The rate must be less than 78 percent.
D. The rate must be greater than ?78 percent.
Answer: B
You might also like to view...
Which of the following companies would be most likely to use some form of countertrade when selling its products in developing countries?
A) Procter & Gamble B) Bell Helicopter Textron C) Nokia D) Mercedes-Benz E) Coca-Cola
Given that art provenance is often weak, what forms of due diligence should investors perform before investing in works of art?
In the context of Starbucks, 24-hour training program for baristas, stock options/health benefits, triple filtrated water, and a totally integrated system are examples of brand mantras within the brand positioning bull's-eye
Indicate whether the statement is true or false
Explain the purpose and contents of the general ledger master file