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Author Question: Idaho Mining, Inc. borrows at prime plus 1.5 on its line of credit. The line requires a 15 ... (Read 22 times)

ghost!

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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
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chloejackso

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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.
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ghost!

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Reply 2 on: Jul 10, 2018
Great answer, keep it coming :)

strudel15

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Reply 3 on: Yesterday
Excellent

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