What is the cost of borrowing
{"Image DocumentName": "What is the cost of borrowing?", "Image ImageDescription": "Detour: Cost of Borrowing. Commitment Fees. The fee charged by the lender for agreeing to hold credit available is on the unused portions of credit. Example:  1 million revolving credit at 10% stated interest rate for 1 year; borrowing for the year was  600,000; a required 5% compensating balance on borrowed funds; and a .5% commitment fee on  400,000 of unused credit. What is the cost of borrowing?", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}