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Concord Company management wants to maintain a minimum monthly cash balance of $20,000. At the beginning of April, the cash balance is $45,000, expected cash

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Concord Company management wants to maintain a minimum monthly cash balance of $20,000. At the beginning of April, the cash balance is $45,000, expected cash receipts for April are $33,000, and cash disbursements are expected to be $67,000. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance? Show your work

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