Answer:
$6,655,000
Explanation:
wherein, A= Amount
P= Principal
R= Rate of interest per annum
n = term to maturity
Pay off amount at the end of year 3 = $5,000,000
Amount = $5,000,000 × 1.331 = $ 6,655,000
Amount due of a borrowing is equal to the money borrowed initially compounded at a rate of interest for a known period.
Above. rate of interest is 10%, since the money has been repaid only upon due date, three year compounding of the said sum at 10% per annum rate of interest yields the payoff amount which is $6,655,000
Answer:
Explanation:
worker's production rate = 60/3 = 20units per hour
monthly capacity 160 x 20 = 3200 units.
capacity needed to produce 2000000 units
= 2000000/3200
= 625
therefore, since they already have 500 workers, they need to hire 125 more workers.
b) At the end of October they will have 2 million inventory.
c) Average inventory in each of the months has been listed in the attachment below.
