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Cash Budget & Short-Term Financing Presented are partial October, November, and December cash budgets for Holiday Events: Loans are obtained in increments of $1,000 at
Cash Budget \& Short-Term Financing Presented are partial October, November, and December cash budgets for Holiday Events: Loans are obtained in increments of $1,000 at the start of each month to maintain a minimum endof-month balance of $12,000. Interest is 1% simple interest (no compounding) per month, payable when a loan payment is made. Repayments are made as soon as possible, subject to the minimum end-of-month balance. REQUIRED Complete the short-term financing section of the cash budget
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