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Assume that a firm has a $1,000,000 line of credit at an 4.94 percent rate of interest that requires a 17.0 percent compensating balance. If

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Assume that a firm has a $1,000,000 line of credit at an 4.94 percent rate of interest that requires a 17.0 percent compensating balance. If the firm borrowed $359,000 for 1 year, calculate amount of money available to use. Round the answer to two decimal places. Your

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