Compensating balance on loan, Business Management

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Compensating balance on loan

The Clarkson Designer Company wants to borrow $750,000. The bank will provide the loan at an APR of 7.826. Since the loan calls for a compensating balance, the effective interest rate is actually 10.143 percent. What is the compensating balance on this loan?

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Business Management: Compensating balance on loan

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Request for Solution File

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Business Management: Compensating balance on loan

Reference No:- TGS084260

Have a Question? (oR Write a Review)

Recent Questions Asked Business Management

Q : How much may cornelia consider in computing her item

Q : Prepare a flexible budget performance report

Q : Find forecast using a simple three-month moving average

Q : Role of it in an increasingly global environment

Q : Compensating balance on loan

Q : Prepare journal entries to record the event

Q : Firm opportunity cost on savings

Q : What her education expense deduction is

Q : Crisis leadership

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Request for Solution File

Ask an Expert for Answer!!

Business Management: Compensating balance on loan

Reference No:- TGS084260

Recent Questions Asked Business Management

Q : How much may cornelia consider in computing her item

Q : Prepare a flexible budget performance report

Q : Find forecast using a simple three-month moving average

Q : Role of it in an increasingly global environment

Q : Compensating balance on loan

Q : Prepare journal entries to record the event

Q : Firm opportunity cost on savings

Q : What her education expense deduction is

Q : Crisis leadership

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