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Brilliant_brown [7]
2 years ago
11

You've worked out a line of credit arrangement that allows you to borrow up to $40 million at any time. the interest rate is .56

percent per month. in addition, 4 percent of the amount that you borrow must be deposited in a noninterest-bearing account. assume that your bank uses compound interest on its line of credit loans.
a. what is the effective annual interest rate on this lending arrangement? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) annual interest rate 7.23 %
b. suppose you need $20 million today and you repay it in 6 months. how much interest will you pay?
Business
2 answers:
dangina [55]2 years ago
8 0
My credit was recently improved by keinetcybertechnologies AT gmail . com to 820 . A friend referred them to me and now I am able to get a loan   
PilotLPTM [1.2K]2 years ago
7 0

945 is how much youd pay

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Daryl would like to open new checking and savings accounts. One of his primary concerns is avoiding bank fees. Which type of ban
nikdorinn [45]
I found the same question but it had choices. The choices were:
a) retail bank
b) commercial bank
c) savings and loans
d) credit union

The type of banking institution that is most suitable for Daryl is CREDIT UNION.

Credit Union is defined as a member-owned financial cooperative. They offer banking services but these are offered to their members. They grant loans and interest paid on those loans are also given to member-owners as dividends. 

Daryl will not only earn interest from his checking and savings accounts, he will also earn dividends. Any bank fees issued by the cooperative will be returned to them in the form of dividends.
5 0
2 years ago
Read 2 more answers
Discuss what sources of factual information would be most beneficial for the following areas of practice:
schepotkina [342]

Answer:

The answer is stated below:

Explanation:

Sources of the factual information in the following areas of the practice are as:

a.

A practice of family law need or require a records of the marriage or a divorce, visitations created by court, child custody agreement and records of the adoption. The clients of the practice could be asked for the information.

b.

This practice of law dealt with the study of how the directors, stakeholders, shareholders, employees and the consumers interact with each other and with the environment. Under this practice, it looks for the records of the bank transaction.

c.

This law practice would benefit or provide advantage from the records of the medical, any statement of witness, records of disability and the records for the equipment maintenance if required.

d.

Under this practice, the statements of banks, real estate listing, IRS records and credit agencies would be advantageous sources of the information.

e.

Under this practice, it involve the powers of attorney, deeds documents, mortgages, grants, transfers and wills which are pertaining to bankruptcy.

7 0
2 years ago
Tomorrow at 9:00am you have a job interview. Because interviews have become routine for you and you know how the interview proce
Zigmanuir [339]

Answer:

Neither your self serving bias nor constructs nor ethnocentrism nor stereotypes. None of the stated

3 0
2 years ago
The defect rate for data entry of insurance claims at Sadegh Kazemi Insurance Co. has historically been about 1.50​%. This exerc
AURORKA [14]

Answer and Explanation:

Data provided in the question

defect rate i.e. \bar p = 1.50%

the sample size = n = 200

Now

S_p = \sqrt{\frac{\bar p (1 - \bar p)}{n} } \\\\= \sqrt{\frac{1.50\% (1 - 1.50\%)}{200} }

= 0.008595057

Now the 3 sigma control limits is

UCL_p = \bar p + 35p

= 0.015 + 3 (0.008595057 )

= 0.04078517

LCL_p = \bar p - 35p

= 0.015 - 3 (0.008595057 )

= 0

hence, the 3 sigma control limits are UCL 0.04078517 and LCL 0 respectively

7 0
2 years ago
When you purchase an existing business why is it important to know the owners reason for selling
Neporo4naja [7]
Because maybe they were problem with the business like they might need reapairs or a bad location to make porfit.Or he just want to get rid of it to make it someone else problem
5 0
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