How much should the organization budget for interest costs, Financial Management

How much should the organization budget for interest costs

You work for the YOUR organization (Youth Oriented to Uphold Responsibility). The organization projects that it will need to use $250,000 over the next year in a line of credit issued at an annual interest rate of 4%. They estimate needing the line of credit for 5 months (assume a 30-day month). How much should the organization budget for interest costs on the line of credit next year?

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Financial Management: How much should the organization budget for interest costs

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Financial Management: How much should the organization budget for interest costs

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