# healthcare fiancare

posted by .

HINT: 6% X \$1,000,000 – {20% X (\$1,000,000 – (6% X \$1,000,000))} =
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 -

What is your question?

• healthcare fiancare -

I 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

## Respond to this Question

 First Name School Subject Your Answer

## Similar Questions

1. ### accounting

Assets Cash (Net Effect) \$35,000 20,000 +15,000 A/R 33,000 14,000 +19,000 Merchandise Inventory 27,000 20,000 +7,000 PPE 60,000 78,000 -18,000 Accumulated Depreciation (29,000) (24,000) ?
2. ### Microeconomics

Am I calculating the Marginal Revenue when you get the quantity for the price of \$6,000.00?
3. ### Math

What is the percent increase in the population for all six inhabited continents from 1950 - 2000?
4. ### math

1. Number Sense: write three numbers that are greater than 1,543,000 and less than 1,544,000 2. Put the planets in order from the one closest to the sun to the one farthest from the sun. Earth 93,000,000 Jupiter 483,000,000 Mars 142,000,000 …
5. ### Economics

Given the following information calculate the Marginal Revenues. I am getting lost on the order because I know the formula is change in TR/change in Q. Q Price TR 60 26,000 (60x26K) = 1,560,000 70 22,000 (1,540,000) 80 18,000 (1,440,000) …
6. ### algebra

how do you make a stem-and-leaf plot for numbers like this: 24,000 28,000 26,000 32,000 30,000 41,000 27,000 22,000 26,000 33,000
7. ### Math

Would 72,060,964,765 look like the following in it's expanded form?
8. ### math

The data set represents the income levels of the members of a country club. Estimate the probability that a randomly selected member earns at least \$98,000. 112,000 126,000 90,000 133,000 94,000 112,000 98,000 82,000 147,000 182,000 …
9. ### statistics

The data set represents the income levels of the members of a country club. Estimate the probability that a randomly selected member earns at least \$98,000. 112,000 126,000 90,000 133,000 94,000 112,000 98,000 82,000 147,000 182,000 …
10. ### Math

Help on, what is this in word form. \$10,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000. I need to know like 1 Million, trillion?

More Similar Questions