2. A manufacturer wants to buy $100,000 worth of wood but doesn't have enough funds. The manufacturer approaches the ban
Posted: Sat Feb 26, 2022 9:07 am
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
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