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BA/350 BA/350 ASSIGNMENT 5 PROBLEM 6 -ANSWER KEY
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BA/350 ASSIGNMENT 5 PROBLEM 6
Branson Inc. has sold product to the brandy wine company, a major customer for $20,000. As a courtesy to Brandywine, Branson has agreed to take a note due in two years for half the amount due.
A. What is the effective price of the transaction to Branson if the interest rate is 6%, 8%, 10%, or 12%
B.Under what condintion might the effective price be even less as viewed by Brandy Wine.
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