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IBM reached a loan commitment agreement of $ 2 0 million at 1 0 % in next 2 years with Bank of America. The Bank

IBM reached a loan commitment agreement of $20 million at 10% in next 2 years with Bank of America. The Bank charged an 0.5% up-front fee, an 0.5% commitment fee. IBM borrowed $5 million one year from the beginning of the commitment period. Calculate the Banks revenue at the end of the commitment period.

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