Question: 6. If Analog computers can borrow at 9.5% for 3 years, what is the annual rate of interest on an $800,000 loan where a 15%

 6. If Analog computers can borrow at 9.5% for 3 years,

6. If Analog computers can borrow at 9.5% for 3 years, what is the annual rate of interest on an $800,000 loan where a 15% compensating balance is required? A. 11.18%. B. 17.27%. C. 9.50%. D. 3.16%

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