SAGrimler6160 SAGrimler6160

22-02-2024
Mathematics

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Friedman Roses Inc. needs $82,000 in funds for expansion. With a compensating balance requirement of 19%, how much will the firm need to borrow? (Round your answer to the nearest dollar amount.) Multiple Choice.
a. $19,235
b. $101,235
c. $82,000
d. $101,285

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