Post a New Question

business/math

posted by .

what is the answer to: you obtain a margin loan of 18000 to puchase some stock. the effective intrest rate on the loan is 7.8%.how much intrest will you pay if you repay the loan in 3 month.

urgent respone needed

  • business/math -

    18,000 * 0.078 = 1,404

    $1,404 / 4 = ?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

More Related Questions

Post a New Question