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Analog Computers needs to borrow $765,000 from the Midland Bank. The bank requires a 16% compensating balance. How much money will Analog need to borrow

Analog Computers needs to borrow $765,000 from the Midland Bank. The bank requires a 16% compensating balance. How much money will Analog need to borrow in order to end up with $765,000 spendable cash?

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