At the beginning of the year, Nothing More, Corp., had a long-term debt balance of $37,804. During the year, the company repaid a long-term loan in the amount of $10,664. The company paid $4,140 in interest during the year, and opened a new long-term loan for $9,380. What was the cash flow to creditors during the year

You are looking at a one-year loan of $16,500. the interest rate is quoted as 8.7 percent plus two points. a point on a loan is 1 percent (one percentage point) of the loan amount. quotes similar to this one are common with home mortgages. the interest rate quotation in this example requires the borrower to pay two points to the lender up front and repay the loan later with 8.7 percent interest. what rate would you actually be paying here?