Business, 27.11.2019 23:31 dmaxbexkham

With a quoted interest rate of 5% and a 10% compensating balance, what is the effective rate of interest (use a $200,000 loan proceeds amount)? round your final answer into 2 decimal places. for example, if your answer is 0.01%, put 0.01 in the system.

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With a quoted interest rate of 5% and a 10% compensating balance, what is the effective rate of inte...

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