1. At the start of this year PBC (Peanut Butter & Chocolate) Candy Company established a line of credit for $300 million with BBB (Big Bad Bank). PBC pays 4% for funds drawn and % for the remaining line, each on a monthly basis.

2. For the month of January it borrowed $100 million and for February it drew down an additional $20 million. What are PBCs payments to BBB for February?

3. Group of answer choices

.04 x 300,000,000 + .0025 x 300,000,000 (each divided by 12, approximately).

.04 x 20,000,000 + .0025 x 300,000,000 (each divided by 12, approximately).

.04 x 120,000,000 + .0025 x 300,000,000 (each divided by 12, approximately).

.04 x 120,000,000 + .0025 x 180,000,000 (each divided by 12, approximately).

.04 x 20,000,000 + .0025 x 180,000,000 (each divided by 12, approximately).