(Estimating the cost of bank credit​) Paymaster Enterprises has arranged to finance its seasonal​ working-capital needs with a​ short-term bank loan. The loan will carry a rate of percent per annum with interest paid in advance​ (discounted). In​ addition, Paymaster must maintain a minimum demand deposit with the bank of percent of the loan balance throughout the term of the loan. If Paymaster plans to borrow ​$ for a period of ​months, what is the effective cost of the bank​ loan? Hint​: Assume the Paymaster does not have sufficient funds in the bank to satisfy the compensating balance requirement.

anjan should should report alteast 5000 on the first apyment and 10,000 each year

explanation:

anyone below or above ambitious can tell you. so crowns mean brainliest. getting brainliest means your answer needs a good explanation and the person asking the question can understand your answer easily. so say there's a multiple choice question. you don't just want to say your answer is a, hope it . provide evidence and reasoning so that they know that that is the correct answer. a good explanation should have evidence, good reasoning, and your opinion on why you picked that. you don't want to look up their question on the internet and see if you can answer it. pick questions that you 100% know the answer to, so than that way you can provide a better explanation.

best of luck,

the divergent