2. To help decide the best loan option, Ed wants know the percent profit he will make each month
Part A
The cost to run the gym each month is $5,000. Find Eds total monthly
expenses for each loan option Enter this in Table B.
Table B
Repayment Average Total Monthly
Bank
Average Estimated
Period Monthly Sales
Expenses Monthly Profit Percent Profit
First 1 year $7.500
City 1 year $7,500
Star 1 year
$7,500
Part B
Ed expects to average $7,500 in sales per month the first year
Find Ed's average monthly profit. Explain how to find the monthly
profit. Then complete Table B.
Part
Complete Table B for the estimated percent profit. Explain how you
found the estimated percent profit.
3. Ed's goal is to make the most profit. Why does the highest percent profit
occur with the smallest annual interest rate? Explain