Same as above but Waller took out an additional amount on 6/15 for $1 million.

What bank charges will Waller incur for the month of June?

3. Waller Corporation has an $18 million revolving credit agreement with its bank at prime plus 3%, based on a calendar year. It borrowed $3 million on June 1 , when it accessed the agreement fo the first time. Prime is 8.75% and the bank's commitment fee is 1/4% annually. What bank charges will Waller incur for the month of June? a. $262,500 b. $3,120 c. $32,496 d. $29,375 3. Same as above but Waller took out an additional amount on 6/15 for $1 million. What bank charges will Waller incur for the month of June