Answered: If the initial margin is $5,000, the…

If the initial margin is $5,000, the maintenance margin is $3,500 and your balance is $4,000, how much must you deposit? computation

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 4QTD

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Concept explainers

Effective Interest Rate

The term interest rate can be defined as the amount that is charged by the lender as a percentage on the principal amount. Interest rate which is charged annually is known as annual percentage rate.

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If the initial margin $5000, the maintenance margin is $3500 and your balance is $3100, how much must you deposit?
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