How much money will analog need to borrow in order to end, Financial Management

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How much money will analog need to borrow in order to end

Analog Computers needs to borrow $860,000 from the Midland Bank. The bank requires a 16% compensating balance. How much money will Analog need to borrow in order to end up with $860,000 spendable cash? (Round your answer to the nearest dollar amount.)

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Financial Management: How much money will analog need to borrow in order to end

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