Business, 20.02.2020 02:13, lovelyheart5337

When the unemployment rate is low, it is to find a job compared to when the unemployment rate is high.

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Business, 22.06.2019 12:40, notorius315

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Business, 22.06.2019 14:10, gia2038

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?

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When the unemployment rate is low, it is to find a job compared to when the unemployment rate is hi...