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What must the rate be less than to be wort h it to Incur a compensating balance of $2,000 in order to get a 2

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What must the rate be less than to be wort h it to Incur a compensating balance of $2,000 in order to get a 2 percent lower interest rate on a pure discount loan of $50,000 oto 37) Multiple Choice The rate must be less than-48 percent The rate must be greater than-48 percent The rate must be greater than 48 percent The rate muat boe bessthan 48 percent

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