use 5 percent prime rate and 6-week loan

NO First name begins with the letter: A, B, C, F, G, H, M, N, O, T? YES YES use 5 percent prime rate and 6-week loan NO use 4 percent prime rate and 5-week loan Compost Wholesalers presently uses a public warehouse agreement to finance most of its inventory. The average amount of inventory is $3,000,000, the bank lends Compost's 60 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) ($3,000,000)], the bank will loan at 2.5 percent above the prime rate. A. Find the loan amount B. Find the interest c. Find other costs/fees D. Find m and period rate E. Find the annual percentage rate (APR) F. Find the effective annual cost (EAR)