A redneck community of P-Anon dimwits insists on a perpetual supply of lvermectin, even though their only supplier, Looney-MTG, charges them $20 per annum. So the P-Anon yokels convince a local bank to pay 2% nominal interest compounded weekly, on an investment fund. Determine the capitalised equivalent amount that would cover their annual Ivermectin expense.

A redneck community of P-Anon dimwits insists on a perpetual supply of lvermectin, even though their only supplier, Looney-MTG, charges them $20 per annum. So the P-Anon yokels convince a local bank to pay 2% nominal interest compounded weekly, on an investment fund. Determine the capitalised equivalent amount that would cover their annual Ivermectin expense.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 19P

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