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If Analog computers can borrow at 9.5% for 1 year, what is the effective rate of interest on a $800,000 loan where a 15% compensating
If Analog computers can borrow at 9.5% for 1 year, what is the effective rate of interest on a $800,000 loan where a 15% compensating balance is required?
Select one:
A. 11.18%B. 17.27%C. 9.50%D. none of the above
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