Analog Computers Needs to Borrow $800,000 from the Midland Bank

question 40

Multiple Choice

Analog Computers needs to borrow $800,000 from the Midland Bank. The bank requires a 15% compensating balance. How much money will Analog need to borrow in order to end up with $800,000 spendable cash?

• A) $ 920,000
• B) $1,058,264
• C) $ 941,177
• D) none of the other answers are correct

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Vertical Mergers

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