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ABC corporation needs $100,000 bank loan to pay its bills. If the bank requires 20% compensating balance, and the ABC Corporation does not currently holds
ABC corporation needs $100,000 bank loan to pay its bills. If the bank requires 20% compensating balance, and the ABC Corporation does not currently holds funds with the bank. How much ABC has to borrow from the bank? Group of answer choices
$100,000
$125,000
$80,000
$145,000
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