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Yoo, incorporated, has arranged a line of credit that alfows it to borrow up to $51 million at any time. The interest rate is 627

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Yoo, incorporated, has arranged a line of credit that alfows it to borrow up to $51 million at any time. The interest rate is 627 percent per month. Additionally, the company must deposit 5 percent of the amount borrowed in a noninterest-bearing account. The bank uses compound interest on its line-of-credit lonns. If the company needs $27 million for 8 months, how much will it pary in interest? Muiple enoice 507504 51,457,29015 51619,20022 $1230,592.16 5:,394,458

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