RedAngel4193 RedAngel4193
  • 23-04-2024
  • Business
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You've worked out a line of credit arrangement that allows you to borrow up to 45 million at any time. The interest rate is 0.69 percent per month. In addition, 4 percent of the amount that you borrow is due immediately as an arrangement fee. What is the total amount due if you borrow10 million?

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