Estimate cash needs for the month of september 2020

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RBC has recently offered AGC a one-year $2 million operating line of credit (LOC) at a rate of 6.25% in anticipation for year 2020. There is a monthly 0.75% commitment fee on the unused amount. AGC is considering taking this LOC, and wants to estimate its cash needs for the month of September 2020.

The owner is looking for at least two other short-term financing options AGC could employ to assist with future cash flow shortages.

Reference no: EM133118790

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