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When calculating a loan with a 20% compensating balance a firm would borrow ____ in order to have available funds of $200,000. Select one: a.$160,000

When calculating a loan with a 20% compensating balance a firm would borrow ____ in order to have available funds of $200,000.

Select one:

a.$160,000

b.$260,000

c.$200,000

d.$250,000

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