1.Find the annual financing cost of a 45 day revolving credit agreement with a 0.5% commitment fee. Assume you borrow $377,863m at 5.96%. You can borrow up to $500,000.

b.Find the annual financing cost (AFC) or a 30 day line of credit where the bank requires a 10% compensating balance requirement. Assume you borrow $211,895m at 5.39% and you have $20,000 in the bank.

c.Find the annual financing cost (AFC) of a 162 day discount bank loan with a 3.99% rate. Assume you borrow $194,690m.

d.Find the dollar amount of interest due for a 39 day, $50,487m loan, at 5%.

Hint: Remember that almost all rates in finance are annual rates unless state otherwise.