Would it be worth it to incur a compensating balance of $9,000 in order to get a 0.70 percent lower interest rate on a 1-year, pure discount loan of $250,000?
A) Yes
B) No
C) Not enough information is given to determine

Question

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The Answer of Would it be worth it to incur a compensating balance of $9,000 in order to get a 0.70 percent lower interest rate on a 1-year, pure discount loan of $250,000?
A) Yes
B) No
C) Not enough information is given to determine

Would It Be Worth It to Incur a Compensating Balance