Line of credit wih a bank that allows the company to borrow

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Reference no: EM13972197

Xxx needs to borrow $250,000 for the next 6 months. The company has a line of credit wih a bank that allows the company to borrow funds with an 8% interest rate subject to a 20% of loan compensating balance. How much will they need to borrow?

Reference no: EM13972197

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Line of credit wih a bank that allows the company to borrow : Xxx needs to borrow $250,000 for the next 6 months. The company has a line of credit wih a bank that allows the company to borrow funds with an 8% interest rate subject to a 20% of loan compensating balance. How much will they need to borrow?

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