Solution-Determine the annual financing cost

Determine the annual financing cost

Reference no: EM131120189

Determine the annual financing cost of a 1-year (365 day), $10,000 discounted bank loan at a stated annual interest rate of 9.5 percent.

Assume that no compensating balance is required.

Reference no: EM131120189

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Determine the annual financing cost : Determine the annual financing cost of a 1-year (365 day), $10,000 discounted bank loan at a stated annual interest rate of 9.5 percent. Assume that no compensating balance is required.

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Determine the annual financing cost

Reference no: EM131120189

Reference no: EM131120189

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