Question 10 0 out Florids Grape Growers (FGG) has a line

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Question 10 0 out Florids Grape Growers (FGG) has a line

 

Question 10 0 out Florids Grape Growers (FGG) has a line of credit with Trust Company Bank that allows FGG to borrow up to $400,000 at an ancal interest rate of 11 percent Howeve roo must keep a compensatrg ba ree or 25 percent of any armount borrowed on deposit at tw Trust Company FOG don with the Trust Company hat is the effective annual cost of crede? 
Selected Answer Ob. t2.59%
 Correct Answer Oc.14 67%
 

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Question 10 0 out Florids Grape Growers (FGG) has a line

Best Question 10 0 out Florids Grape Growers (FGG) has a line

Question 10 0 out Florids Grape Growers (FGG) has a line