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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 $

125, 000

from First National Bank. The bank requires a

10 %

compensating balance. Which of the following are true regarding this loan?

Jones will have use of $

125, 000

Jones will have use of $

112, 500

Jones will pay interest on $

125, 000

Jones will pay interest on $

112, 500

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