Question: Finance. What interest rate would make it worthwhile to incur a compensating balance of $17,500 in order to get a 0.65-percent lower interest rate on

Finance. What interest rate would make it worthwhile to incur a compensating balance of $17,500 in order to get a 0.65-percent lower interest rate on a 2-year, pure discount loan of $250,000? (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.)

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