BADM-310 Business Finance SHORT TERM FINANCING QUESTION! (Help me pass the class!)? - short term finance
1. VALUE Inc. needs of short-term financing for the next 3 months. VALUE has 600,000 dollars in inventory levels. ASDF Bank offers an inventory of loans amounting to 80 percent of the inventory is to oblige a return of 9 percent. There is a fee of $ 6,500. Moreover, it is 1.5% of the inventory process.
a. Find the loan
b. Find balance compensation
c. Find the amount of interest
d. Find the APR
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