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 78 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
YES! Correct, THANKS for helping me on my review

Animal_Goddess

  • Member
  • Posts: 339
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

cell line selection cell line selection
Spectral Line Motion in Binary Star Systems Spectral Line Motion in Binary Star Systems
Coal Strip Mining in North Dakota Coal Strip Mining in North Dakota
Write the equation in general form of the line passing through the point Write the equation in general form of the line passing through the point
Tai chi walk along straight line. From tai chi stance, shift weight to the back leg and turn the ... Tai chi walk along straight line. From tai chi stance, shift weight to the back leg and turn the ...
Open pit mining creates immense holes at the surface Open pit mining creates immense holes at the surface
Video: Major Elements in Biological Molecules: Lipids

For a complete list of videos, visit our video library