Multiple Choice
If Analog computers can borrow at 9.5% for 3 years, what is the annual rate of interest on a $800,000 loan where a 15% compensating balance is required?
A) 11.18%
B) 17.27%
C) 9.50%
D) none of the other answers are correct
Correct Answer:
Verified
Correct Answer:
Verified
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