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    rhodyri's Avatar
    rhodyri Posts: 2, Reputation: 1
    New Member
    		  
    #1

    May 26, 2011, 10:13 PM
    Effective interest rate
    A company needs to acqurie $100 million in funds. Their bank offers a discounted loan at 10% and a compensating balance of 6%. What is the effective interest rate?
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
    Ultra Member
    		  
    #2

    May 28, 2011, 01:05 PM

    Please read this announcement.

    Announcement:

    We will not do your homework for you, but if you will attempt the problem and post your answer we can check to see if it is correct. Thanks.
    Alty's Avatar
    Alty Posts: 28,317, Reputation: 5972
    Pets Expert
    		  
    #3

    May 29, 2011, 08:25 PM

    rhodyri does not find this helpful : wasn't homework.
    If it's not homework then it shouldn't be posted in the homework forum. You put it in the homework forum, which means that everyone that looks at your post answers it based on it being homework.

    You should read the rules that you agreed to when you signed up to this site. Negative/unhelpful ratings, like the one you gave Just Looking, are for factually incorrect information only. Her post was dead on.

    It's up to you, the person posting, to give us the information we need in order to help. Posting in the homework section gave Just looking enough info to post what she did, which are the rules of the site regarding homework questions.

    You owe Just Looking an apology, especially if you want her help.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    May 30, 2011, 03:53 PM

    Comments on this post
    rhodyri does not find this helpful : wasn't homework.
    Comments on this post
    rhodyri does not find this helpful : hold your breath on that apology.

    First, may I call your attention to the guidelines for using the comments feature found here:

    https://www.askmehelpdesk.com/feedba...ure-24951.html

    There was absolutely no call for your inappropriate and rude rating to Altenweg.

    It really makes sense to insult the people you are asking for help from.
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