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TB MC Qu. 08-02 Analog Computers needs to borrow... Analog Computers needs to borrow $855,000 from the Midland Bank. The bank requires a 15% compensating

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TB MC Qu. 08-02 Analog Computers needs to borrow... Analog Computers needs to borrow $855,000 from the Midland Bank. The bank requires a 15% compensating balance. How much money will Analog need to borrow in order to end up with $855,000 spendable cash? (Round your answer to the nearest dollar amount.) Multiple Choice $983,250 $1,581,750 $1,005,882 $1,694,858

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