Question: ABC Inc. requires $200,000 to complete a project. If it qualifies for a loan with a compensating balance of 20%, how much will the firm

ABC Inc. requires $200,000 to complete a project. If it qualifies for a loan with a compensating balance of 20%, how much will the firm need to borrow?

$160,000

$200,000

$240,000

$250,000

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