Juno industrial supply has a line of credit of $200,000 with an interest rate of 7.1 percent. the loan agreement requires a compensating balance of 3.3 percent of the total amount borrowed, which will be held in an interest-free account. what is the effective interest rate if the company requires $132,000 for operations for one year?

By 2020, automobile market analysts expect that the demand for electric autos will increase as buyers become more familiar with the technology. however, the costs of producing electric autos may increase because of higher costs for inputs (e. g., rare earth elements), or they may decrease as the manufacturers learn better assembly methods (i. e., learning by doing). what is the expected impact of these changes on the equilibrium price and quantity for electric autos?