You are the manager of a healthcare facility that is considering different payment
options for buying supplies for your facility. The annual charges for these supplies
is $10,000 and the vendor is offering you three payment options to consider.
Option 1:	A discount of 3% if you make the full payment in 30 days.
Option 2:	Quarterly payments at the beginning of each quarter with a service
	charge of $100 per quarter.
Option 3:	Monthly payments at the beginning of each month with a service
	charge of 3% for each monthly payment.
1	Which of these three options provides the best value for money? Why?
4 points
2	Payments for these supplies are made from your bank account
	which has a current balance of $30,000 and earns monthly interest
	of 0.2%. Undertake analysis to -
a.	Which of these three options now provides the best value for money?
5 points
b.	At what interest rate would you be indifferent between Options 1 and 2?
3 points
c.	At what interest rate would you be indifferent between Options 2 and 3?
3 points
d.	Consider the ending balances under each of these three options for
12 points	interest rate ranging from 0.0% to 2.0%. Develop data tables to compute
	the ending balances for this range of interest (consider interest increments of 0.2%).
	Depict your results in a line graph.