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As a jeweiry store manager, you want to offer credit, with interest on outstanding balances paid monthiy. To carry receivabies, you must borrow funds from

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As a jeweiry store manager, you want to offer credit, with interest on outstanding balances paid monthiy. To carry receivabies, you must borrow funds from your bark at a noimifal 4W, menthly compounding. To offset your ovemead, you want to charge your customers an EAR (or Ef Wh) that is 3% more than the bank is charging vou. whut Abl ratn thould vou charge your customes? oo not round intermediate cakulations. Round your ansner to two decmal places

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