Multiple Choice
Analog Computers needs to borrow $800,000 from the Midland Bank. The bank requires a 15% compensating balance. How much money will Analog need to borrow in order to end up with $800,000 spendable cash?
A) $ 920,000
B) $1,058,264
C) $ 941,177
D) none of the other answers are correct
Correct Answer:
Verified
Correct Answer:
Verified
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