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Ben is wanting to buy a cafe that recorded these figures for 2020:
Sales = $2,500,000
Rent expense = $200,000
Insurance expense = $25,000
Utility expense = $20,000
Wage expense = $125,000
Inventory expense = $1,200,000
Problem 1: Provide 3 reasons why Ben should buy this cafe. Then provide 3 reasons why Ben shouldn't buy this cafe.
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5.0% compounded monthly was purchased for $47,000. The annuity pays $420 at the end of each month. How much principal will be repaid in the fifth year?
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