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Assume Peter Pan Company has cash inflow for the month of June of $125,000 and cash outflow of $100,000. The minimum cash in bank policy

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Assume Peter Pan Company has cash inflow for the month of June of $125,000 and cash outflow of $100,000. The minimum cash in bank policy is $15,000 and has a $75,000 line of credit with a 8% interest rate. The company borrowed $20,000 on March 31st. How much interest will Peter Pan Company recognize in June

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