Make a budget showing quantity of solvent to purchased

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Reference no: EM132706807

Problem 1: The company has an agreement with a local bank that allows it to borrow in increments of $1,000 at the beginning of each month, up to a total loan balance of $40,000. The interest rate on these loans is 1% per month, and for simplicity, we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter. How do you find the borrowings?

Problem 2: Make a budget showing the quantity of solvent Q80 to be purchased for July, August, and September, and for the quarter in total.

Reference no: EM132706807

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