The monthly periodic rate, finance charge and new balance if previous balance is $ 3 , 418.50 , annual percentage rate is 9 % , purchase and cash advances are $ 329.00 and payments and credits are $ 1200.00 .

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The Martin-Beck Company operates a plant in St. Louis with an annual capacity of 30,000 units. Product is shipped to regional distribution centers located in Boston, Atlanta, and Houston. Because of an anticipated increase in demand, Martin-Beck plans to increase capacity by constructing a new plant in one or more of the following cities: Detroit, Toledo, Denver, or Kansas. The following is a linear program used to determine which cities Martin-Beck should construct a plant in. Let y₁ = 1 if a plant is constructed in Detroit; 0 if not y₂ = 1 if a plant is constructed in Toledo; 0 if not y₂ = 1 if a plant is constructed in Denver; 0 if not y = 1 if a plant is constructed in Kansas City; 0 if not. The variables representing the amount shipped from each plant site to each distribution center are defined just as for a transportation problem. *,, = the units shipped in thousands from plant i to distribution center j i = 1 (Detroit), 2 (Toledo), 3 (Denver), 4 (Kansas City), 5 (St.Louis) and…

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Chapter 13.I, Problem 5RE

To determine

To calculate: The monthly periodic rate, finance charge and new balance if previous balance is $3,418.50, annual percentage rate is 9%, purchase and cash advances are $329.00 and payments and credits are $1200.00.

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