Question: answer this with solution 2 poin How much is the effective cost if you need to borrow $400,000 for one year with $475,000 line credit,

answer this with solution

2 poin How much is the effective cost if you need to borrow $400,000 for one year with $475,000 line credit, where any borrowing have a single payment interest of 20% and there is a 1.5% fee for any unused credit? * O 17.65% O 2.04% 0 20.28% O 12% 08.7%

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