Pyramid Products Company has a revolving credit agreement. The company can borrow up to $1 million at an annual interest rate of 9%. Pyramid is required to maintain a 10% compensating balance on any funds borrowed and to pay a 0.5% commitment fee on the unused portion of the credit line. Assume that Pyramid has no funds in the account at the bank that can be used to meet the compensating balance requirement. Determine the annual financing cost of borrowing when borrowing $250,000 under the credit agreement.
Answers: 3
Other questions on the subject: Business
Business, 21.06.2019 21:30, nickespinosa11
Gary becker's controversial the economics of discrimination concludes that price discrimination has no effect on final profits. price discrimination benefits monopolies. labor discrimination in hiring results in more efficient allocations of production. discrimination in hiring practices has no effect on final profits. labor discrimination harms firms that practice it due to increased labor costs. price discrimination harms monopolies, which refutes over two centuries of economic theory.
Answers: 3
Business, 22.06.2019 01:00, fatty18
In order to gauge public opinion about how to handle iran's growing nuclear program, a research group surveyed 1010 americans by telephone and asked them to rate the threat iran's nuclear program poses to the world on a scale of 1 to 10. describe the population, sample, population parameters, and sample statistics. identify the population in the given problem. choose the correct answer below.
Answers: 2
Business, 22.06.2019 05:00, vadrian4056
Every 10 years, the federal government sponsors a national survey of health and health practices (nhanes). one question in the survey asks participants to rate their overall health using a 5-point rating scale. what is the scale of measurement used for this question? ratio ordinal interval nominal
Answers: 1
You know the right answer?
Pyramid Products Company has a revolving credit agreement. The company can borrow up to $1 million a...
Questions in other subjects:
Mathematics, 22.05.2021 20:10
Mathematics, 22.05.2021 20:10
Mathematics, 22.05.2021 20:10
Advanced Placement (AP), 22.05.2021 20:10
