Business, 21.12.2019 01:31 breannaratliff23
Tripp corporation is planning to borrow $800,000 from its bank to pay one of its suppliers. the bank requires a compensating balance of 10%. since tripp currently holds no funds at the lending bank, it has borrowed enough to cover for the compensating balance as well. the amount that tripp will pay its supplier is:
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Tripp corporation is planning to borrow $800,000 from its bank to pay one of its suppliers. the bank...
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