Suppose your famis seeking year among $300.000 loan with anul payments and your bank is offering you the choice between a $305.000 ban with a 55.000 compensating balance and a $300,000 loan who compensating balance of the interest inte on the $300.000 loan 8 percent, how low would the interest rate on the low with the compensating balance have to be in order for you to do it? O percent 709 percent 167 percent 0 290