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Burt's Department Store needs $ 6 3 4 , 0 0 0 to take a cash discount of 2 . 5 0 / 1 0
Burt's Department Store needs $ to take a cash discount of net A banker will loan the money for days at an interest cost of $a What is the annual rate on the bank loan? Use days in a year. Do not round intermediate calculations. Round the final answer to decimal places.Annual rateb How much would it cost in percentage terms if Burt's did not take the cash discount and paid the bill in days instead of days? Use days in a year. Do not round intermediate calculations. Round the final answer to decimal places.Cost of not taking a cash discountc Should Burt's borrow the money to take the discount? No Yesd. If the banker requires a percent compensating balance, how much must Burt's borrow to end up with the $Round the final answer to the nearest whole dollar.Amount to be borrowede What would be the interest rate in part d if the interest charge for days were $Use days in a year. Do not round intermediate calculations. Round the final answer to decimal places.Annual ratee Should Burt's borrow with the percent compensating balance? There are no funds to count against the compensating balance requirement.
Burt's Department Store needs $ to take a cash discount of net A banker will loan the money for days at an interest cost of $a What is the annual rate on the bank loan? Use days in a year. Do not round intermediate calculations. Round the final answer to decimal places.Annual rateb How much would it cost in percentage terms if Burt's did not take the cash discount and paid the bill in days instead of days? Use days in a year. Do not round intermediate calculations. Round the final answer to decimal places.Cost of not taking a cash discountc Should Burt's borrow the money to take the discount? No Yesd. If the banker requires a percent compensating balance, how much must Burt's borrow to end up with the $Round the final answer to the nearest whole dollar.Amount to be borrowede What would be the interest rate in part d if the interest charge for days were $Use days in a year. Do not round intermediate calculations. Round the final answer to decimal places.Annual ratee Should Burt's borrow with the percent compensating balance? There are no funds to count against the compensating balance requirement.
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