1. Russell's of Townville needs to borrow $48,000 for one year. The bank requires a 10 percent compensating balance on any amount borrowed and an annual interest rate of 9 percent. What is the effective interest rate on this loan? A. 8.9% B. 8.6% C. 9.4% D. 10.0%

When consumers discard their gasoline-powered automobiles for electric-powered ones, this partially reflects the of gasoline?

Paying attention to the purpose of her speech, which questions can she eliminate? a. 1 and 2 b. 3 c. 2 and 4 d. 1-4

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan