Thursday

November 27, 2014

November 27, 2014

Posted by **patricia** on Sunday, February 12, 2012 at 6:07pm.

6% X $1,000,000 – {20% X ($1,000,000 - $60,000))}=

6% X $1,000,000 - {20% X $940,000}=

6% X $1,000,000 - $188,000 =

$60,000 - $ 188,000=

-$128,000

A) The interst due on a 10% loan of $1,000,000 at year end without a compensating balance is ($1,000,000 X 10%)= $100,000

B) $1,000,000 – 20% = $800,000-Compensating Balance

$1,000,000 X 9% =$90,000- intrest paid at 9%

$90,000 / $800,000 = 11.25%

- healthcare fiancare -
**bobpursley**, Sunday, February 12, 2012 at 6:08pmWhat is your question?

- healthcare fiancare -
**patricia**, Sunday, February 12, 2012 at 6:44pmI dont' know if i did problem C) correct and Need some direction in figuring out the annual interest rate. I have submitted my work so far. Can you give me guidance if I an on the right track or in left field

**Answer this Question**

**Related Questions**

Math - Would 72,060,964,765 look like the following in it's expanded form? 7X 10...

Microeconomics - Am I calculating the Marginal Revenue when you get the quantity...

Math - What is the percent increase in the population for all six inhabited ...

Economics - Given the following information calculate the Marginal Revenues. I ...

algebra - how do you make a stem-and-leaf plot for numbers like this: 24,000 28,...

math - 1. Number Sense: write three numbers that are greater than 1,543,000 and ...

accounting - Assets Cash (Net Effect) $35,000 20,000 +15,000 A/R 33,000 14,000 +...

please help - . If Healthy Foods has an annual interest expense of $10,000, ...

math - which numbers should you add to estimate the answer to this problem: 87,...

Accounting - O' Hara Company began operations on December 1, 2011. Presented ...