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What interest rate would make it worthwhile to incur a compensating balance of $27,000 in order to get a 1% lower interest rate on a

What interest rate would make it worthwhile to incur a compensating balance of $27,000 in order to get a 1% lower interest rate on a one year, pure discount loan of $310,000. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to two decimal places. Show Work so I know how to do it Later. Thx)

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