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 42 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
:D TYSM

parshano

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

The effects of germ-line versus somatic cell mutations. The effects of germ-line versus somatic cell mutations.
Continuous, Absorption Line, and Emission Line Spectra Continuous, Absorption Line, and Emission Line Spectra
Underground Mining Underground Mining
4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ... 4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ...
Time Line for Evolution of the Universe Time Line for Evolution of the Universe
Find an equation of the tangent line to the graph of f(x) = sqrt(x) / (x+1) at the point x=1 Find an equation of the tangent line to the graph of f(x) = sqrt(x) / (x+1) at the point x=1
Video: Transcription - Introns and exons

For a complete list of videos, visit our video library