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The National Co. has a revolving line of credit of P300,000 with a one-year maturity. The terms call for 7% interest rate and a 1/2

The National Co. has a revolving line of credit of P300,000 with a one-year maturity. The terms call for 7% interest rate and a 1/2 percent commitment fee on the unused portion of the credit line. The...

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