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In a cash budget, planned loans are expected to take place at the beginning of a month and repaid at the end of a month
In a cash budget, planned loans are expected to take place at the beginning of a month and repaid at the end of a month in which the loan can be repaid. The cash budget includes a loan of $10,000 in September and a loan of $4,000 in October. Repayments for both loans are expected to take place in November. The November cash budget should show cash disbursements for interest of: Multiple Choice $240 $380 Loooo $2,400
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