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Use information below to answer question 25-27 Firm want to borrow $10,000,000 with interest 7% per year. Compensating balance is 6% and commitment fee is

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Use information below to answer question 25-27 Firm want to borrow $10,000,000 with interest 7% per year. Compensating balance is 6% and commitment fee is 0.6%, if firm already borrow 4,000,000 Find 25. Commitment fee a. 24,000 b. 36,000 c. 60,000 d. 70,000 a 26. Compensating Balance 600,000 b. 700,000 c. 360,000 d. 240,000 27. EAR a. 19.65% b. 20.50% c. 21,65% d. 21% Use information below to answer question 25-27 Firm want to borrow $10,000,000 with interest 7% per year. Compensating balance is 6% and commitment fee is 0.6%, if firm already borrow 4,000,000 Find 25. Commitment fee a. 24,000 b. 36,000 c. 60,000 d. 70,000 a 26. Compensating Balance 600,000 b. 700,000 c. 360,000 d. 240,000 27. EAR a. 19.65% b. 20.50% c. 21,65% d. 21%

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