Business, 23.10.2019 02:00 josephnievesr31

Gon january 1, 2020, lynn company borrows $3,000,000 from national bank at 11% annual interest. in addition, lynn is required to keep a compensatory balance of $300,000 on deposit at national bank which will earn interest at 5%. the effective interest that lynn pays on its $3,000,000 loan is

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Gon january 1, 2020, lynn company borrows $3,000,000 from national bank at 11% annual interest. in a...

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