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Calculate the effective interest rate on 750,000 with the following minimun compensating balance: loan rate compensating balance a. 6.5% 20% b. 12.0% 10% c. 10.5%

Calculate the effective interest rate on 750,000 with the following minimun compensating balance: loan rate compensating balance a. 6.5% 20% b. 12.0% 10% c. 10.5% 15% d. 14% 25% e. 8.5% 30%

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