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Which of the following loans you would take to finance a $1,000,000 expansion. Be sure to do sufficient calculations to defend you answer. Bank Alpha

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Which of the following loans you would take to finance a $1,000,000 expansion. Be sure to do sufficient calculations to defend you answer. Bank Alpha requires a 20% compensating balance, discounts the loan and wants to be paid back in 4 quarterly payments. Omega Bank requires a 10% compensating balance but does not discount the loan and wants to be paid back in 12 monthly installments

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