Since water transportation is so much slower than other modes, why do companies choose it? Water transportation is unaffected by delays for maintenance, scheduling, and weather, making it far more reliable.

Some companies might think it's worth the lost time when they are shipping potentially dangerous products.

The environmental impact of water transportation is lower, so companies can justify its use.

Some companies prioritize cost as their overriding concern for their shipping requirements.

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?