Close Window A Moving to another question will save this response Question 1 of 25 Question 1 4 points Save Answer Penn Inc needs to borrow $250,000 for the next 6 months. The company has a line of credit with a bank that allows the company to borrow funds with an 10% interest rate subject to a 20% of loan compensating balance Currently Penn Inc. has no funds on deposit with the bank and will need the loan to cover the compensating balance as well as their other financing needs What will be the annual percentage rate, or APR, for this financing intereses discounted O 10.53% O 11 92% 125% O 13.33% A Moving to another question will save this response Question 1 of 25 Close Window hp