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Beckheart is seeking financing for its inventory. Safe-proof Warehouses offers space in their facility for Beckhearts inventory. They offer loans with a 15 percent APR
Beckheart is seeking financing for its inventory. Safe-proof Warehouses offers space in their facility for Beckhearts inventory. They offer loans with a 15 percent APR equal to 60 percent of the inventory. Monthly fees for the usage of the warehouse are $500 plus 0.5 percent of the inventorys value. If Beckheart has saleable inventory of $2 million, a. how much money can the firm borrow
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