Dropdown answers: A. Alternative A B. Alternative B C. Alternative C D. Alternative D ...
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Finance
Dropdown answers:
A. Alternative A
B. Alternative B
C. Alternative C
D. Alternative D
intermediate calculations. Round your answers to two decimal places. a. A 12% annual rate on a simple interest loan, with no compensating balance required and interest due at the end of the year. % b. A 10% annual rate on a simple interest loan, with a 20% compensating balance required and interest due at the end of the year. c. An 8.75% annual rate on a discounted loan, with a 15% compensating balance. % d. Interest figured as 8% of the $73,000 amount, payable at the end of the year, but with the loan amount repayable in monthly installments during the year. % Which alternative has the lowest effective annual interest rate
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