Business, 05.08.2021 19:40 cameron12502

On January 1, 2020, Bramble Corp. borrows $2400000 from National Bank at 10% annual interest. In addition, Bramble is required to keep a compensatory balance of $240000 on deposit at National Bank which will earn interest at 4%. The effective interest that Bramble pays on its $2400000 loan is

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On January 1, 2020, Bramble Corp. borrows $2400000 from National Bank at 10% annual interest. In add...

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