Where compensating balance is required

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Reference no: EM131180617

Analog computers needs to borrow $475,000 from the midland bank. How much money will analog need to borrow in order to end up with $475,000 in spendable cash?

If analog computers can borrow at 8% for 180 days what is the effective rate of interest on a $1,000,000 loan where compensating balance is required?

Reference no: EM131180617

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