T TamaraG New member Apr 21, 2010 #1 Effective interest rate: The Colonial Window Treatments Company is borrowing $1.5 million. The loan requires a 10 percent compensating balance, and the effective interest rate on the loan is 9.75 percent. The stated APR on this loan is %.
Effective interest rate: The Colonial Window Treatments Company is borrowing $1.5 million. The loan requires a 10 percent compensating balance, and the effective interest rate on the loan is 9.75 percent. The stated APR on this loan is %.