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Jones Company borrows $ 1 2 5 , 0 0 0 from First National Bank. The bank requires a 1 0 % compensating balance. Which
Jones Company borrows $ from First National Bank. The bank requires a compensating balance. Which of the following are true regarding this loan?
Jones will have use of $
Jones will have use of $
Jones will pay interest on $
Jones will pay interest on $
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