Accounting

uestion 14 On January 1, 2019, Lynn Company borrows $2,000,000 from National Bank Quiz na of yet answered at 11% annual interest. In addition, Lynn is required to keep a compensatory larked out of 2.00 balance of $200,000 on deposit at National Bank which will earn interest at 2 5% The effective interest that Lynn pays on its $2,000,000 loan is > Flag question 9 10 Select one. a 10.0% Finish atte b. 11.5% C. 11:6% Time left 0 Last saved: 1 d. 11 0% Next