ਵਸੋਂ ਵਿਸਫੋਟ ਅਤੇ ਸਿੱਖਿਆ ਅਣਹੋਂਦ ______ ਦਾ ਮੁੱਖ ਕਾਰਨ ਹੈ ?
Answers
Explanation:
retailer owes a wholesaler $200,000 due in 45 days. If the payment is 15 days late, there is a 1% penalty charge. Since the bill isn't due immediately, the retailer can invest the $200,000 in a certificate of deposit and make money on the interest. The retailer has two options: a 45-day certificate of deposit (CD) earning 8% per year simple interest or a 60-day certificate earning 9% per year simple interest.
How much interest would the retailer earn? Use 360 days in a year. (Round your answers to the nearest cent.)
45-day certificate $
60-day certificate $
If the retailer opts for the 60-day certificate of deposit, he will be late on his payment to the wholesaler. How much will the penalty be if he is late on his payment to the wholesaler?
$
How much will the retailer make in total if he opts for the 60-day certificate and has to pay the penalty out of the proceeds of the interest earned on the CD? (Round your answer to the nearest cent.)
$