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Friedman Roses Incorporated needs $75,000 in funds for expansion. With a compensating balance requirement of 22%, how much will the firm need to borrow? Note:

Friedman Roses Incorporated needs $75,000 in funds for expansion. With a compensating balance requirement of 22%, how much will the firm need to borrow? Note: Round your answer to the nearest dollar amount.
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Friedman Roses Incorporated needs $75,000 in funds for expansion, With a compensating balance requirement of 22%, how much will the firm need to borrow? Note: Round your answer to the nearest dollar amount. mustypte Ciored $21154 $96,154 $75,000 $96.204

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