# healthcare fiancare

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%

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bobpursley
2. 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

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