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Schatje Corp. faces a seasonal increase for its working capital and needs the full use of Php 100,000 for 90 days. The firm's bank will

Schatje Corp. faces a seasonal increase for its working capital and needs the full use of Php 100,000 for 90 days. The firm's bank will lend at 12% on a discounted basis with a 20% compensating balance required. How much money should the company borrow under this arrangement

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