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a. What interest rate would make it worthwhile to incur a compensating balance of $15,500 in order to get a 0.65 percent lower interest rate
a. What interest rate would make it worthwhile to incur a compensating balance of $15,500 in order to get a 0.65 percent lower interest rate on a 2 year, pure discount loan of $230,000?
Answer = interest rate %
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N. Hyman
5th Edition
0030113172, 978-0030113178
