4. IfABC Inc. borrows $400,000 on a 8% add-on basis, payable over 3 years in 36 equal end -of-month installment, how large the monthly period would be? Find the appropriate effective monthly rate a. 1.10% b. 1.35% c. 1.57% d. 1.75% . Ski Inc. is a highly seasonal business. The following summary balance sheet provides data for peak and off-peak seasons (in thousands of dollars) Cash Marketable securities Accounts Receivable Inventories Peak 50 40 40 500 200 100 330 Off Peak Net Fixed assets Short Term debt Long erm Debt Common Equity 20 20 20 500 130 100 330