You’ve worked out a line of credit arrangement that allows you to borrow up to $40 million at any...

You’ve worked out a line of credit arrangement that allows you to borrow up to $40 million at any time. The interest rate is .44 percent per month. In addition, 4 percent of the amount that you borrow must be deposited in a noninterest-bearing account. Assume that your bank uses compound interest on its line of credit loans.

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