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Queue de Castor Company is being offered a one-year $1.45 million operating line of credit at a rate of 5.75%.There is a monthly 0.5% commitment fee on the unused amount.The firm borrows only $0.5 million during the first 8 months of the loan and reduces its loan by a further $0.2 million for the remaining 4 months.What is the effective annual cost (in percent)of this loan arrangement?
Cohen's D Test
A measure of effect size that evaluates the difference between two means relative to the standard deviation of the sample.
Directional
Pertains to tests or hypotheses that specify the expected direction of the relationship or difference between variables.
Nondirectional
Pertaining to hypotheses or research questions that do not specify the direction of the expected relationship between variables.
F-test
A type of statistical test that compares the variances of two or more groups to find if they come from populations with equal variances.
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