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) You borrowed money from bank A today and promise to repay $8,000 in 3...

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Finance

) You borrowed money from bank A today and promise to repay $8,000 in 3 years. The bank charges interest at 4.2% p.a. compounded quarterly for the first year and 4.8% p.a. compounded monthly thereafter. How much money did you borrow? Round your answer to the nearest cent. (3 marks)

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\table[[Product,Machine Hours,Setups,Receiving Orders,Packing Orders],[Infantry,27,500,300,900,1,600],[Special forces,20,000,100,100,2,000],[Costs,$80,000,$24,000,$20,000,$30,000

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