Question: Question 3 (18 marks) a) How would a knowledge of Data Analytics benefit i) an accountant ii) an operations manager? (5 marks) (5 marks) You

 Question 3 (18 marks) a) How would a knowledge of Data

Question 3 (18 marks) a) How would a knowledge of Data Analytics benefit i) an accountant ii) an operations manager? (5 marks) (5 marks) You are an accountant with ABC Company and in the process of preparing a cash flow statement. You want to reflect the payments of the $1,000,000 bank loan in the statement. Use the NPER function to determine how many years it will take to pay off the bank loan based on the facts below: - NPER( rate,pmt,pv,fv,type) - The rate per year is 5.5% compounded quarterly. - The payment (pmt) is $89,000 per quarter. - The present value (pv) is $1,000,000, because the bank has offered to fund all of the capital required for the project. - The future value (fv) is assumed to be $0 because no mention is made of any residual amounts owed at the end of the lon. - The type argument is assumed to be the default 0 . You do not have to do the calculations - just set up the formula, explain the entries of the formula. (8 marks)

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