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Bratas Company is negotiating for a 4 month discounted loan for P200000 at 12 per annum The negotiated loan requires a 20 compensating balance What is the effective interest rate of the loan

Bratas Company is negotiating for a 4-month discounted loan for P200,000 at 12% per annum. The negotiated loan requires a 20% compensating balance. What is the effective interest rate of the loan?
A. 17.65%      C. 15.59%
B. 15.79%      D. 15.00% 

Jun 20 2021 View more View Less

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