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Question 38 (2 points) A company needs to borrow $315,000. The bank offers a 1-year loan with a stated interest rate of 10%. However, the

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Question 38 (2 points) A company needs to borrow $315,000. The bank offers a 1-year loan with a stated interest rate of 10%. However, the bank requires a 20% compensating balance and discount interest. How much money will the company need to borrow in order to end up with $315,000 of spendable cash, i.e., how much will the note be signed for? $433,125 O $248,850 O $450,000 $381,150

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