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> Question 2 5 pts You've worked out a line of credit arrangement that allows you to borrow up to $2.1 million at any time.

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> Question 2 5 pts You've worked out a line of credit arrangement that allows you to borrow up to $2.1 million at any time. The interest rate is 72 percent per month. In addition, 3 percent of the amount you borrow must be deposited in a non-interest-bearing account Assume your tender uses compound interest and that you need $1.3 million today which you will repay in five months. How much interest will you pay? $48,947 $79.069 $47,479 $42.103 $48,886

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