Explain, in about a paragraph for each question below, what the following problems are telling us. Again, do not concentrate on the math, instead read through the problems and get an understanding for what these problems tell us as managers.

XYZ assisted Living Center can barrow 150,000 for 1 year at 7.5% Calculate the amount of interest they will pay

Q2

XYZ hospital make $98 puchase on the first day of the month and must pay a $2 late fee if it does nnot pay within the first 10 days. What is the annual interest rate if the hospital pays on day 45? On day 30? On day 11?

Q3 Future Value

XYZ sleep disorder clinic invest 106,944 for 5 years to retire a debt. Assuming the clinic can invest at &% compound annually, how much is the debt XYZ needs to retire ?