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Liz s Health Food Store has estimated monthly financing requirements for the next six months as follows: January $ 8 , 0 0 0 April
Lizs Health Food Store has estimated monthly financing requirements for the next six months as follows: January $ April $ February May March June Shortterm financing will be utilized for the next six months. Projected annual interest rates are: January April February May March June a Compute total dollar interest payments for the six months. To convert an annual rate to a monthly rate, divide by Round the final answer to decimal places. Do not round intermediate calculation. Total dollar interest payments $ b Compute the total dollar interest payments if financing was constant at percent throughout the six months. Total dollar interest payments $ b If longterm financing at percent had been utilized throughout the six months, would the totaldollar interest payments be larger or smaller? multiple choice Smaller Larger
Lizs Health Food Store has estimated monthly financing requirements for the next six months as follows:
January $ April $
February May
March June
Shortterm financing will be utilized for the next six months. Projected annual interest rates are:
January April
February May
March June
a Compute total dollar interest payments for the six months. To convert an annual rate to a monthly rate, divide by Round the final answer to decimal places. Do not round intermediate calculation.
Total dollar interest payments $
b Compute the total dollar interest payments if financing was constant at percent throughout the six months.
Total dollar interest payments $
b If longterm financing at percent had been utilized throughout the six months, would the totaldollar interest payments be larger or smaller?
multiple choice
Smaller
Larger
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