Cash management, Finance Basics

A compnay can arrange for a secured loan amounting to 150,000,000 for one year at an interest rate of 18% per annum based on the initial balance of the loan. The lender also imposses a flat arrangement fee of 50,000 which would be met out of existing balances. The sum borrowed could be placed in a notice deposit at 9% per annum and drawn down at no cost as and when required. The company''s treasurer believes that cash balances will be run down at an even rate throughout the year. calculate the cash balance
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