bu Answered rrect Answer You would like to borrow 72,357 dollars for 1 year. Interest compounds annually, but it is pre-

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Bu Answered Rrect Answer You Would Like To Borrow 72 357 Dollars For 1 Year Interest Compounds Annually But It Is Pre 1 (22.26 KiB) Viewed 29 times

bu Answered rrect Answer You would like to borrow 72,357 dollars for 1 year. Interest compounds annually, but it is pre-paid. You are quoted an interest rate of 12 %. There is also a compensating balance of 1 % associated with the loan. How much money should you borrow from the bank so you get to leave with 72.357 dollars to the nearest dollar? 81,763.41 83.168.97 margin of error +/-5 You need to borrow more than the desired amount since some of it stay behind. Think of the percentage you're leavin