asked 136k views
4 votes
gerald cooksie owns a restaurant in panama beach, florida. he has arranged a business loan with the bank where he has his business account. the terms of the loan allow him to borrow up to $13,500 within the next year if the bank has funds available to lend; he must pay interest only on the unpaid loan balance. cooksie has arranged

asked
User YaOg
by
7.7k points

1 Answer

1 vote

Answer: a line of credit must be established

Step-by-step explanation:

answered
User Andrewrk
by
8.6k points
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