A bank lends a firm $1,000,000 for one year at 12 percent on a discounted basis and requires compensating balances of 10 percent of the face value of the loan. The effective annual interest rate associated with this loan is ________
A) 12 percent
B) 13.3 percent
C) 13.6 percent
D) 15.4 percent
D
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All of the following are included in the acquisition cost of property, plant, and equipment except:
a. transportation costs b. taxes on the purchase c. installation costs d. maintenance costs
Big-picture-thinking Annie works for detail-thinking Gus, so the two will rarely have a personality clash because they complement each other nicely
Indicate whether the statement is true or false.
Who argue for a contingency model whereby better performing organizations have strong cultures, but only of culture fits the organizations environment?
a. Parry and Proctor-Thompson (2003) b. Kotter and Heskett (1992) c. Ogbonna and Harris (2000) d. None of these
A closely-held company whose owners are trying to maintain control would be less likely to pay
dividends so that all earnings may be retained to finance future growth. Indicate whether the statement is true or false