9.

Management desires a minimum balance of $10,000 at all times. If necessary, additional financing can be obtained at a 12% interest rate. Interest is paid at the time of repaying the loan principal. Note: for calculating interest, if our budget indicates we will need to borrow money, we will plan to do so at the beginning of the month. When we are able to repay the balance we will do so at the end of the month. Use the format below to create a cash balance. If we had to borrow $11068 in January and $5989 in February and our cash balance before refinancing/repayment in March is 35338 , compute the total required financing for March. Round ONLY your final answer to the nearest whole dollar amount. Do not round intermediate calculations Enter your answer as a positive for borrowing and a negative for repayment. Do NOT round intermediate calculations