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please find last four parts!!! Compost wholesalers presently uses a public warehouse agreement to finance most of its inventory. The average amount of inventory is
please find last four parts!!!
Compost wholesalers presently uses a public warehouse agreement to finance most of its inventory. The average amount of inventory is $4,000,000, the bank will loan at 5.5 per annum for the 6-week loan. The loan amount will be against 70 percent of the value of the inventory, and the public warehouse fee is $2,500 per week. Total transportation cost for the loan period is 1.5 percent of the average value of the inventory [that is, (0.015)($4,000,000)]. A. Find the loan amount B. Find the interest C. Find other costs/fees D. Find period rate E. Find m F. Eind the annual percentage rate (APR) G. Find the effective annual cost (EAR) Step by Step Solution
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