CMA Study Group

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  • 1.  Line of Credit

    Posted 02-21-2020 02:24 AM


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    Syed Yousuf Jamal

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  • 2.  RE: Line of Credit
    Best Answer

    Posted 02-21-2020 08:00 AM
    Answer is B.
    Monthly amount utitized:
    10,000,000 * .08 /12 *3 (for 3 months) = 200,000
    20,000,000 * .08 /12 * 6(for 6 months) = 800,000
    5,000,000 * .08/12 * 3 (for 3 months) = 100,000
    plus
    Amount unused
    10,000,000 * .005/12 * 3 = $12,500 
    15,000,000 * .005/12 * 3 = $18,750
    =
    $1,131,250

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    **
    Rebecca





  • 3.  RE: Line of Credit

    Posted 02-21-2020 11:15 AM
    thank you Ms Rebecca Wetzel

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    Syed Yousuf Jamal
    None
    Alexandria
    Egypt
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