Why the cash need to borrowed is 21000? Since it lacks 40200-60000=19800, and the borrowing will be in multiples of 1000, why it isnt 20000?

The Carlquist Company makes and sells a product called Product K. Each unit of Product K sells for $24 dollars and has a unit variable cost of $18. The company has budgeted the following data for November: Sales of $1,152,200, all in cash. . A cash balance on November 1 of $48,000. Cash disbursements (other than interest) during November of $1,160,000. A minimum cash balance on November 30 of $60,000. 40200-boop-th If necessary, the company will borrow cash from a bank. The borrowing will be in of $1,000 and will bear interest at 2% per month. All borrowing will take place at the beginning of the month. The November interest will be paid in cash during November The amount of cash needed to be borrowed on November 1 to cove disbursements and to obtain the desired November 30 cash balance is: A. $20,000 B $%21,000 D. $38,000 C. $37,000 no cit soles Cosh balance, bei totol cash available 43,000 less cash olsbuisemert00 200200 er o over olTsbuisem ents terest (27x4000) 420 81180 betore tnancmg31730 21000 Fmonding enotin 6o780