A line of credit has a limit of $500,000 and had an average of $200,000 for July.
Question:
A line of credit has a limit of $500,000 and had an average of $200,000 for July. How much is the commitment fee for the month, if it has an APR of 0.5% compounded daily?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Madhur Jain
I have 6 years of rich teaching experience in subjects like Mathematics, Accounting, and Entrance Exams preparation. With my experience, I am able to quickly adapt to the student's level of understanding and make the best use of his time.
I focus on teaching concepts along with the applications and what separates me is the connection I create with my students. I am well qualified for working on complex problems and reaching out to the solutions in minimal time. I was also awarded 'The Best Tutor Award' for 2 consecutive years in my previous job.
Hoping to get to work on some really interesting problems here.
1+ Reviews
10+ Question Solved
Related Book For 
Financial Management And Accounting Fundamentals For Construction
ISBN: 9780470182710
1st Edition
Authors: Daniel W Halpin, Bolivar A Senior
Question Posted:
