Suppose that you are planning to take out a car loan, and can borrow money at 7.8% annual interest compounded weekly. If you believe that you can afford to make a $50 payment at the end of each week, and intend to be finished paying off the loan 3 years from now, how much can you borrow now?

Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.