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QUESTION
What interest rate would make it worthwhile to incur a compensating balance of $16,000 in order to get a 0.65 percent lower interest rate on a 2
What interest rate would make it worthwhile to incur a compensating balance of $16,000 in order to get a 0.65 percent lower interest rate on a 2 year, pure discount loan of $235,000? I get stuck at the end of the calculations: Business Analysis
