This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Idaho Mining, Inc. borrows at prime plus 1.5 on its line of credit. The line requires a 15 ... (Read 75 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
on: Jul 10, 2018
Idaho Mining, Inc. borrows at prime plus 1.5 on its line of credit. The line requires a 15
  compensating balance. If the prime rate is 9 and Idaho Mining plans on borrowing for a period of
  one year, what is the nominal APR of the line of credit?
 
  A) 6.0 B) 9.0 C) 12.4 D) 10.6

Question 2

What is the future value in year twenty-five of an ordinary annuity cash flow of 2,000 per year at an interest rate of 10.0 per year?
 
  A) 66,505.81
  B) 55,000.00
  C) 196,694.12
  D) 216,363.53
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chloejackso

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jul 10, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


ghost!

  • Member
  • Posts: 560
Reply 2 on: Jul 10, 2018
Gracias!

Mochi

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Cyanobacteria of the (a) genus Synechococcus form (b) mats that line hot springs around the world. Cyanobacteria of the (a) genus Synechococcus form (b) mats that line hot springs around the world.
A, A nurse is adding a medication to an IV line as a piggyback A, A nurse is adding a medication to an IV line as a piggyback
Why are some of the letters above the red line and some letters below? Why are some of the letters above the red line and some letters below?
Examples of Ways That Different Types of Intersections of Two Line Segments Can Be Transformed into Examples of Ways That Different Types of Intersections of Two Line Segments Can Be Transformed into
Inline fuel filters are usually attached to the fuel line with screw clamps or threaded ... Inline fuel filters are usually attached to the fuel line with screw clamps or threaded ...
Concentration affects where the precipitin line forms. When 1 reactant is held at a constant ... Concentration affects where the precipitin line forms. When 1 reactant is held at a constant ...
Video: DNA Sequences - Dideoxy Sequencing

For a complete list of videos, visit our video library