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Kayak requires a minimum cash balance of $30,000 at eachmonth-end. Loans taken to meet this requirement charge 1%, interestper month, paid at each month-end. The
Kayak requires a minimum cash balance of $30,000 at eachmonth-end. Loans taken to meet this requirement charge 1%, interestper month, paid at each month-end. The interest is computed basedon the be Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first thre 2 answers
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