Stein: i'm glad you brought up this denver thing. i don't like the idea of senator obama giving his acceptance speech in front of 75,000 wildly cheering people. that is not the way we do things in political parties in the united states of america. we have a contained number of people in an arena. seventy-five-thousand people at an outdoor sports palace, well, that's something the fuehrer (hitler) would have done. what fallacy is being committed?

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances