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Analog Computers needs to borrow $885,000 from the Midland Bank. The bank requires a 17% compensating balance. How much money will Analog need to borrow

Analog Computers needs to borrow $885,000 from the Midland Bank. The bank requires a 17% compensating balance. How much money will Analog need to borrow in order to end up with $885,000 spendable cash? (Round your answer to the nearest dollar amount.) Multiple Choice $1,035,450 $1,619,550 $1,066,265 $1,755,241 E

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