You have a revolving credit agreement with a bank for 10, Financial Management

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You have a revolving credit agreement with a bank for 10

You have a revolving credit agreement with a bank for $10 million with an annual interest fee of 7% and an annual commitment fee of 0.20% on unborrowed funds. During October you borrowed $6 million. What were your bank charges on this loan for that one month? (1pts) $28,045 $124,727 $35,667 $428,000

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Financial Management: You have a revolving credit agreement with a bank for 10

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