Question: If Analog computers can borrow at 9.3% annually for three years, what is the effective rate of interest on a $810,000 loan where a 20%

If Analog computers can borrow at 9.3% annually for three years, what is the effective rate of interest on a $810,000 loan where a 20% compensating bolance is required? Note: Use 360 days in a year. Round your answer to 2 decimal places: Multiple Choice 8.92% 16.92% 11.62% 14.37%

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