A large healthcare corporation borrows $50,000,000 to buy an existing facility. The loan has a variable interest rate pegged to LIBOR. At the end of this month, how can the corporate accountant determine what the interest payment will be?
A. He can look at the schedule of loan payments created when the loan was made.
B. He can calculate interest from the outstanding principal and the LIBOR value.
C. He must wait for the loan statement from the lending bank.
D. He can calculate the difference between the loan principal and the future value.
Answer: B
You might also like to view...
The abbreviation PPD stands for ________
Fill in the blank with correct word.
Which are provided at an intermediate care facility or mentally handicapped, long-term care facility, or psychiatric residential treatment facility?
a. critical care services b. inpatient services c. nursing facility services d. outpatient services
The ________ is the reason the patient came to visit the practitioner. It should be short and specific and should cover subjective and/or objective data.
Fill in the blank(s) with the appropriate word(s).
Breast muscle reconstruction by TRAM flap procedure, left breast __________
Fill in the blank(s) with the appropriate word(s).