Question: If the inventory costs $12 per unit and will be financed at the bank at a cost of 12 percent, what is the monthly financing
If the inventory costs $12 per unit and will be financed at the bank at a cost of 12 percent, what is the monthly financing cost and the total for the four months? (Use 1.0 percent as the monthly rate.) (Leav no cells blank be certain to enter "0" wherever required.) If the inventory costs $12 per unit and will be financed at the bank at a cost of 12 percent, what is the monthly financing cost and the total for the four months? (Use 1.0 percent as the monthly rate.) (Leav no cells blank be certain to enter "0" wherever required.)
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