Question: Kindly provide Formulas and solution in Excel Sheet. Answer the question in 15 mins. The bank will be charging a commitment fees of 1.5% on

Kindly provide Formulas and solution in Excel Sheet. Answer the question in

Kindly provide Formulas and solution in Excel Sheet. Answer the question in 15 mins.

The bank will be charging a commitment fees of 1.5% on the undrawn loan amount for the period. The fee will be paid at the end of each quarter. Calculate the undrawn amount and commitment fees to be paid in each quarter? The expected output has been mentioned

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