1. Abbott Inc annually sells 7,890 units. The cost of placing an order is $ 100 and the carrying costs are $ 2 a unit. A) What is the economic order quantity (EOQ)? B) What is the average inventory assuming Abbott utilizes safety stock?
2. a) What is the monthly payment for a twenty year $ 75,000 mortgage loan if the interest rate is 4.5%? b) What is the total interest paid after twenty years?
3. You are saving for retirement by depositing $500 per month into an account that earns 8% compounded monthly. You currently have $8,000 in that account. How much will you have in 20 years?