It was agreed between Al - Nasser Company and the National Bank that the National Bank would

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Question:

It was agreed between Al

-

Nasser Company and the National Bank that the National Bank would provide an amount of

5

million riyals in the form of a revolving credit facility with a nominal revolving interest of

15 %

in addition to

0.5 %

as a connection fee, if Al

-

Nasser Company withdraws only

3

million riyals from the total amount allocated to it

.

What are the total costs paid by Al

-

Nasser Company?

Posted Date: May 11, 2024 04:21 AM

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It was agreed between Al - Nasser Company and the National Bank that the National Bank would

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