With a line of credit, the bank is compensated Based on the outstanding balance of the loan based on the principal value of the credit line exclusively with a fixed annual payment based on a fixed interest rate tied to the T bill rate

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With a line of credit, the bank is compensated __________. Based on the outstanding balance of the loan based on the principal value of the

With a line of credit, the bank is compensated __________.

Based on the outstanding balance of the loan
based on the principal value of the credit line
exclusively with a fixed annual payment
based on a fixed interest rate tied to the T-bill rate

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