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this is a problem with a revolving credit agreement for a for a company for 125 000 with a revolving credit agreement a reminder that the bank is committed to providing the loan for the period of the agreement and because of this then they can demand a fee for any of the loan balance that has not been borrowed simply for keeping it available oh the arrangement is a quarter of a percent for any unused balance of the loan and then two percent above prime with the prime of eight point five percent on any part that they do borrow and they have borrowed a fifteen thousand dollars immediately after the agreement was signed and repaid the loan after one year so we have a hundred and twenty five thousand dollar loan fifteen thousand dollars has been used leaving an unused balance on the loan of a hundred and ten thousand so the fifteen thousand dollars is charged at eight point five percent plus the two percent above so the loan amount uh is charged at ten point five percent so multiplying fif
