Multiple Choice
Analog Computers needs to borrow $475,000 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 $475,000 spendable cash?
A) $546,250
B) $758,264
C) $558,824
D) $71,250
Correct Answer:
Verified
Correct Answer:
Verified
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