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How much money should he plan to borrow in june

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Problem

Daniel is required to maintain a minimum cash balance of $8,000, how much money should he plan to borrow in June?

Excess of cash available over disbursements is 2,500 dollars

Cash balance on June 1 is 12,300 dollars

Total cash disbursements is 45,600 dollars.

Reference no: EM131783041

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