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AWS Corp. requires Php 100,000 for 1 quarter. . The firm's bank will lend at 12% on a discounted basis with a 20% compensating balance

AWS Corp. requires Php 100,000 for 1 quarter. . The firm's bank will lend at 12% on a discounted basis with a 20% compensating balance required. Assuming 360 day year, how much money should the company borrow under this arrangement

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