Unit 4: Simple Interest

Technology can help businesses run efficiently and effectively. Tablets can be used to create invoices, cell phones can be used to call clients, laptops can allow employees to work from home, etc.

Post 1: Initial Response

Your business is in need of some new technology. Find one or more pieces of office technology that your business can use (computers, printers, tablets, cell phones etc.) with a total price of at least $10,000. Include the URL to the item(s) you are purchasing in your post. State the number of items and total price of your purchase in your post.

To pay for this/these asset(s), you will take out a simple interest loan. The loan will begin on today's date (the date you are completing this post) and end on the month and day of your birthday (or another significant date in your life). You will be charged 4.5% exact interest. Calculate the exact time for your loan (state the month and day of your birthday/significant day in your post) using the Julian calendar. Calculate the amount of exact interest you will pay and the maturity value using excel sheet

Describe how your business will use the technology you are purchasing with a summary paragraph. Using several sentences, discuss whether financing your asset(s) is in the best interest of your business.

Include these items in your post:

• URL, number and total price of asset(s) purchased
• Today's date, month and day of your birthday/significant day
• Exact time, exact interest, maturity value
• Excel screenshot or steps used for your calculations
• Summary

NO AI PLEASE, TRY NOT TO USE MAC PRODUCTS AND ALSO INCLUDE EXCEL SHEET (WITH FORMULAS)