The effective annualized cost (%) of a banker’s acceptance that has an all-inclusive annual rate of 5.25% for a one-month loan of $2,000,000 is closest to:
- 5.54%.
- 5.38%.
- 5.27%.
what question is saying? plz help me get the question
The effective annualized cost (%) of a banker’s acceptance that has an all-inclusive annual rate of 5.25% for a one-month loan of $2,000,000 is closest to:
what question is saying? plz help me get the question