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) $800,000.
Correct Answer:
Verified
Correct Answer:
Verified
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