This test does not allow backtracking. Changes to the answer after submission are prohibited. Your answers are saved automatically. ining Time: 53 minutes, 18 seconds. ion Completion Status: Moving to the next question prevents changes to this answer. Question 3 of 24 > Save Answer n 23 2 points end Construction Co. has an outstanding 180-day bank loan of $400,000 at an annual interest rate of 9.5%. The company is required to maintain a 15% compensating balance in its chequing unt. ulate the annual interest cost on the loan. Assume the company would not normally maintain this average amount. ne toolbar, press ALT R10 ( Por ALT=FN+F10 (Mac). I V S Paragraph Arial 14px E I % Q 6 ( v O WORDS POWERED BY TINY ving to the Auestion 23 of 24 This test does not allow backtracking. Changes to the answer after submission are prohibited. Your answers are saved automatically. ining Time: 53 minutes, 18 seconds. ion Completion Status: Moving to the next question prevents changes to this answer. Question 3 of 24 > Save Answer n 23 2 points end Construction Co. has an outstanding 180-day bank loan of $400,000 at an annual interest rate of 9.5%. The company is required to maintain a 15% compensating balance in its chequing unt. ulate the annual interest cost on the loan. Assume the company would not normally maintain this average amount. ne toolbar, press ALT R10 ( Por ALT=FN+F10 (Mac). I V S Paragraph Arial 14px E I % Q 6 ( v O WORDS POWERED BY TINY ving to the Auestion 23 of 24