Question: If Analog computers can borrow at 1 0 . 0 % annually for three years, what is the effective rate of interest on a $

If Analog computers can borrow at 10.0% annually for three years, what is the effective rate of interest on a $845,000 loan where a 15% compensating balance is required?
9.06%
17.06%
14.51%
11.76%

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