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Mathematics, 30.11.2020 18:20, linz6227
12. Maxim Air Filters Inc. plans to borrow $300,000 for one year. Northeast
National Bank will lend the money at 10 percent interest and requires a compen-
sating balance of 20 percent. What is the effective rate of interest?
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Answers: 2
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Mathematics, 21.06.2019 16:10, zayzay162
A) if $50000 is invested in a bank account that pays 9.3% of interest compounded on a six-monthly basis, how much money will be in the account after 3 and 12 years? b) if matusalen's father had put $2.0 in the bank when he was born and there, how long would matusalen have had to his death (969 years later) if the interest was 7% per year composed each month and weekly?
Answers: 1
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12. Maxim Air Filters Inc. plans to borrow $300,000 for one year. Northeast
National Bank will lend...
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