2. A manufacturer wants to buy $100,000 worth of wood but doesn't have enough funds. The manufacturer approaches the ban

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

2. A manufacturer wants to buy $100,000 worth of wood but doesn't have enough funds. The manufacturer approaches the ban

Post by answerhappygod »

2. A manufacturer wants to buy $100,000 worth of wood but
doesn't have enough funds. The manufacturer approaches the bank and
signs an agreement to purchase the wood from the bank at cost
($100,000) plus profit (maybe 20% percent of the contract amount,
plus 7.5% for security and insurance, for a year installment.
Calculate the monthly installment
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”