Question: a. What interest rate would make it worthwhile to incur a compensating balance of $15,000 in order to get a 1-percent lower interest rate on

a. What interest rate would make it worthwhile to incur a compensating balance of $15,000 in order to get a 1-percent lower interest rate on a year, pure discount loan of $250,000 (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places.) re

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