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please show the steps 4. (Compensating Balance) QuickLoan Bank offers your firm a line of credit at 8.25% annually up to $25 million. In addition,

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4. (Compensating Balance) QuickLoan Bank offers your firm a line of credit at 8.25% annually up to $25 million. In addition, the bank requires you to maintain a 5% compensating balance against the amount you borrowed What is the effective interest rate on this line of credit

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