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Business
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| Number of pages / Number of words: |
3 / 611 |
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The interest rate increases depending on the amount borrowed. Lawrence repays the loan during the last week of each month, after retaining a minimum positive cash balance of $50,000. "Nearly three-quarters of commercial bank loans are made under commitment. In this case the company establishes a line of credit that allows it to borrow from the bank up to an established limit...
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The interest rate increases depending on the amount borrowed. Lawrence repays the loan during the last week of each month, after retaining a minimum positive cash balance of $50,000. "Nearly three-quarters of commercial bank loans are made under commitment. In this case the company establishes a line of credit that allows it to borrow from the bank up to an established limit...
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