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