Monday
March 2, 2015

Homework Help: Finance

Posted by KEVIN on Wednesday, December 1, 2010 at 7:02am.

Gemini Real Estate is offered a $2 million line of credit for four months at an APR of 9%. This loan has a loan origination fee of 1.5%. What is the actual four-month interest rate paid, expressed as an EAR

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

FINANCE - Gemini Real Estate is offered a $2 million line of credit for four ...
Finance - Crimini Foods is offered a $400,000 line of credit for six months at ...
FINANCE - Crimini Foods is offered a $400,000 line of credit for six months at ...
Finance - You have arranged for a loan on your new car that will require the ...
Math - I take out a loan for $10,000.00 and the interest rate is 6.3% APR. If I ...
Business Math - 1,500 personal loan, bank is going to charge a fee of 2% of loan...
Business Math - Terry has an 18-month installment loan for $1,700 at 12% annual ...
VBA Programming - I'm trying to create a macro that asks for a loan between 1 ...
Real Estate Finance - If you are required to pay 1.5 discount points, a 1 point ...
math - Megan took out a loan for 1500.00. The bank is going to charge her a fee ...

Members