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How much money will Analog need to borrow

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Question - Analog Computers needs to borrow $835,000 from the Midland Bank. The bank requires a 13% compensating balance. How much money will Analog need to borrow in order to end up with $835,000 spendable cash?

Reference no: EM132977019

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How much money will Analog need to borrow : Analog Computers needs to borrow $835,000 from the Midland Bank. The bank requires a 13% compensating balance. How much money will Analog need to borrow
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