15. 1-1 Points DETAILS BRECMBC9 10.11038 MY NOTES ASK YOUR TEACHER You are the owner of four Taco Bell restaurant location. You have a business loan with Citizens Bank taken out 60 days ago that is due in 90 days. The amount of the loan is $50,000, and there is 6.5% using ordinary interest You currently have some cash 35.000. Due to stations beyond your control, you, as the owner, must make an immediate business decision now to pursue only one of these two choices 1) sending all of the $35.000 o C Berk as a partial payment on your loan, or 2) using the $35.000 to purchase serving suples with us food containers, cups, and paste dinnerware for your inventory. This was the last day to take advantage of the opportunity to save some money due to a special discount price that is 10% of the normal cost of $35.000 for these Consider these calaton (*) How much interest - you see on this on you make the partial payment and don't purchase the additional serving supplies (Round your answer to two decimal places) 3 how much money 3) will you save it you purchase the sarang repetes with the discount and don't make a partial payment on the loan? (Round your answer to two decimal place) How much ins) will you see by purchasing the codes heran making the partiet payment in the afterne beween the the supplies found in part od the wings on the interest found art and your art decimal) (d) What are should you consider before making his decision? You are the owner of four Taco Bell restaurant locations. You have a business loan with Citizens Bank taken out 60 days ago that is due in 90 days. The amount of the loan is $50,000, and the rate 9.5 using ordinary interest You currently have some excess cash: $35,000. Due to situations beyond your control, you, as the owner, must make an immediate business decision now to pursue only one of these two choices 1) sending all of the $35,000 to Citizens Bank as a partial payment on your loan, or 2) using the $35,000 to purchase serving supplies such as food containers, cups, and plastic dinnerware for your inventory. This is the last day to take advantage of the opportunity to save some money due to a special discount price that is 10% of the normal cost of $25,000 for these items Consider these calculations - How much interest in 8) will you save on this ton il you make the partial payment and don't purchase the additional serving Round your answer to two decimale) ( How much money on ) will you wave vou burens the verving up with the count and come partial payment on elu on? Cound your answer to two some places) How muth (in 3) will you save by purchasing the discounted saving wupplies rather than making the partial payment in Pind the difference between the wings (b) and the savings on the loon internet found in part (a). Round your answer to two decimal places) supplies to in un) wat other actors should you consider before making this decision You are the owner of four Taco Bell restaurant location. You have a business loan with Cirens Bank taken out 60 days ago that is dus in 90 days. The amount of the loan $50,000, and the rates 9.5% using ordinary interest. You currently have someone CASH 135,000. Due to situations beyond your control, you, as the owner, must make an immediate business decision now to pursue only one of these two choice 1) sending all of the 195,000 to Ciens Bank as a partial payment on your loan, or 2) using the $36.000 to purchase serving supplies such as food containers, cups, and plastic dinnerware for your inventory. This is the last day to take advantage of the opportunity to save some money due to a special discount price that is 10% of the normal cost of $35,000 for these items! Consider these calculations ( How much interest in $3 wll you save on this toan e you make the partial payment and don't purchase the additional serving supplies? (round your answer to two decimal piacon) {How much more in a will you save if you purchase the narving supplier with the sacount and don't make a partial payment on the loan? (Round your answer to two decimal places.) 5 (c) How much th will you save by purchasing the discounted serving supones rather than making the partial payment? Cin: Find the difference between the savings on the supplies found in part (1) and the savings on the loan interest found in pant (a). Round your answer to two decimal places.) (d) What other factors should you consider before mading this decision? MY NOTES ASK YOUR TEACHER ess loan with Citizens Bank taken out 60 days ago that is due in 90 days. The amount of the loan is $50,000, and the rate is our control, you, as the owner, must make an immediate business decision now to pursue only one of these two choices: loan, or cups, and plastic dinnerware for your inventory. This is the last day to take advantage of the opportunity to save some $35,000 for these items. martial payment and don't purchase the additional serving supplies? (Round your answer to two decimal places.) plies with the discount and don't make a partial payment on the loan? (Round your answer to two decimal places.) supplies rather than making the partial payment? (Hint: Find the difference between the savings on the supplies found in part answer to two decimal places.)
