Question: PLEASE answer each component. PLEASE. Your firm sells for cash only, but it is thinking of offering credit, allowing customers 90 days to pay. Customers

PLEASE answer each component. PLEASE.  PLEASE answer each component. PLEASE. Your firm sells for cash only,
but it is thinking of offering credit, allowing customers 90 days to

Your firm sells for cash only, but it is thinking of offering credit, allowing customers 90 days to pay. Customers understand the time value of money, so they would all wait and pay on the 90th day. To carry these receivables, you would have to borrow funds from your bank at a nominal 12%, daily compounding based on a 360-day year. You want to increase your base prices by exactly enough to offset your bank Interest cost. To the closest whole percentage point, by how much should you raise your product prices? Do not round intermediate calculations. Round your answer to the nearest whole number. % Your client is 23 years old. She wants to begin saving for retirement, with the first payment to come one year from now. She can save $6,000 per year, and you advise her to invest it in the stock market, which you expect to provide an average return of 6% in the future. a. If she follows your advice, how much money will she have at 65? Do not round intermediate calculations. Round your answer to the nearest cent. $ b. How much will she have at 707 Do not round intermediate calculations. Round your answer to the nearest cent. $ c. She expects to live for 20 years if she retires at 65 and for 15 years if she retires at 70. If her investments continue to earn the same rate, how much will she be able to withdraw at the end of each year after retirement at each retirement age? Do not round intermediate calculations. Round your answers to the nearest cent. Annual withdrawals if she retires at 65: $ Annual withdrawals if she retires at 70: $

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