Bananas requires, Mary Ann requires about 30 pounds of

Bananas requires

Reference no: EM13690334

Mary Ann requires about 30 pounds of bananas each month, January through June, and 35 pounds of bananas each month, July through December, to make banana cream pies for her friends. Bananas can be bought at the local market for 40 cents/lb. If Mary Ann's cost of money is 3%, about how much should she set aside at the beginning of each year to pay for the bananas?

Reference no: EM13690334

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