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A bank makes a 7% $100,000 discount loan for one year. What is the real effective interest rate (to 2 decimals) on the loan? 2

A bank makes a 7% $100,000 discount loan for one year. What is the real effective interest rate (to 2 decimals) on the loan?

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Big Retailer sells 365,000 bags of grain a year and has an EOQ of 30,000 bags. If the lag time between ordering a shipment and receiving a shipment is 7 days and management also wants 1 day of safety stock. What should be the Order Point?

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