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Final Ex - Essay Example

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College
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Miscellaneous
Pages 2 (502 words)

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Final Ex

Effective interest rate of the current line of credit with a stated interest rate of 10 percent, a compensating balance of 25 percent, and an interest of 4 percent on the compensating balance = (10% X $15,384.62)/($10,000 + 25% X $15,384.62 X 4%)
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