Friedman roses inc. needs $65,000 in funds for expansion. with a compensating balance requirement of 20%, how much will the firm need to borrow?
a. $16,000
b. $81,250
c. $100,000
d. none of these options
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Home » Business » Friedman roses inc. needs $65,000 in funds for expansion. with a compensating balance requirement of 20%, how much will the firm need to borrow? a. $16,000 b. $81,250 c. $100,000 d. none of these options