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Question 14 (3 points) Everfirm Inc. needs $125,000 to purchase inventory. The bank requires a 5% compensating balance. With a stated interest rate of 6.25%,

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Question 14 (3 points) Everfirm Inc. needs $125,000 to purchase inventory. The bank requires a 5% compensating balance. With a stated interest rate of 6.25%, what is the effective interest rate? 3 10 12 Bi o to search Priser FID FIL F12 FB F F5 Fo F9 P

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