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Calculate the Interest, Commitment Fees, and EAR on the following credit line: $500,000 credit line 12% interest rate $200,000 borrowed on average for year 1.0%

Calculate the Interest, Commitment Fees, and EAR on the following credit line:

$500,000 credit line

12% interest rate

$200,000 borrowed on average for year

1.0% commitment fee

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