What is the effective interest rate on the loan

Reference no: EM13291722

Effective interest rate: Morgan Contractors borrowed $1.75 million at an APR of 10.2 percent. The loan called for a compensating balance of 12 percent. What is the effective interest rate on the loan?

Reference no: EM13291722

Questions Cloud

Define what are the equilibrium concentrations of xy : Based on a Kc value of 0.170 and the given data table, what are the equilibrium concentrations of XY, X, and Y, respectively

What was the total cost of issuing the securities : The firm's stock price increased 17 percent on the first day of trading. What was the total cost of issuing the securities?

Determine the total complex power supplied by the source : The Source feed two loads, both of which areY-connected. The impedance of load 1 is 8 + j6 Ω/φ. Thecomplex power for the a-phase of load 2 is 600

Compute the direction of the rockets acceleration : A rocket of mass 3.95 × 105 kg is in flight near earth's surface. Its thrust is directed at an angle of 54.7° above the horizontal, compute the direction of the rocket's acceleration

What is the effective interest rate on the loan : Effective interest rate: Morgan Contractors borrowed $1.75 million at an APR of 10.2 percent. The loan called for a compensating balance of 12 percent. What is the effective interest rate on the loan?

Calculate the per-unit values of the torque-speed and power : A variable-speed motor having a nameplate rating of 15 hp, 890 r/min develops a torque of 25 newton meters at 1260 r/min. Calculate the per-unit values of the torque, speed, and power.

What is the implicit cost of the trade credit : Cost of trade credit: Mill Street Corporation sells its goods with terms of 4/10 EOM, net 60. What is the implicit cost of the trade credit?

What are the relevant cash flows : The marginal tax rate is 30 percent. What are the relevant cash flows? How do they change if the market price of the machine is $600,000 instead?

At present the elementary liquid-phase reaction : At present the elementary liquid-phase reaction A + B ? R + S takes place in a plug flow reactor using equimolar quantities of A and B. Conversion is 96%, CAO = CBO = 1 mol/liter. If a mixed flow reactor ten times as large as the plug flow reactor we..

User Account

All Pages