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Analog Computers needs to borrow $750,000 from the Midland Bank. The bank requires a 20% compensating balance. How much money will Analog need to borrow

Analog Computers needs to borrow $750,000 from the Midland Bank. The bank requires a 20% compensating balance. How much money will Analog need to borrow in order to end up with $750,000 spendable cash? (Round your answer to the nearest dollar amount.)

$900,000

$1,350,000

$937,500

$1,626,476

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