Dimsdale sports has a working arrangement

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Reference no: EM13918186

Dimsdale Sports has a working arrangement with its bank to obtain additional loans as needed. The interest rate is 12%per year, and interest is paid at each month-end based on the beginning balance, partial or full payments on these loans can be made on the last day of the month. The company has agreed to maintain a minimum ending cash balance of 25,000 in each month.

Reference no: EM13918186

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