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meeting its trade obligations (that is, to have 30 days' payables outstanding). The company's balance sheet is as follows (in thousands of dollars): dollars. For
meeting its trade obligations (that is, to have 30 days' payables outstanding). The company's balance sheet is as follows (in thousands of dollars): dollars. For example, an answer of $1.23 thousand dollars should be entered as 1,230 , not 1.23. Round your answer to the nearest $ (1) answer in dollars. For example, an answer of $1.23 thousand dollars should be entered as 1,230 , not 1.23. Round your answer to the nearest dollar. $ (3) c. Now ignore part b and assume that the bank will lend the firm the amount calculated in part a. The terms of the loan are 7.5%, add-on interest, to be repaid in 12 monthly instalments. Enter your answers as positive values. Do not round intermediate calculations. 1. What is the total loan amount? Enter your answer in dollars. For example, an answer of $1.23 thousand dollars should be entered as 1,230 , not 1.23. Round your answer to the nearest dollar. 5 (3) nearest dollar. $
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