Question: If Analog Computers can borrow at 8% for 180 days. What is the effective rate of interest on a $1,000,000 loan where a 15% compensating

If Analog Computers can borrow at 8% for 180 days. What is the effective rate of interest on a $1,000,000 loan where a 15% compensating balance is required?

A.	18.80%
B.	17.27%
C.	9.41%
D.	None of these options

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