Wj group inc., a large multinational conglomerate, had begun to experience declining revenues over the years. the top management at the headquarters of the company decided that it was important for the company to avoid deviating from its core competencies. thus, a few of the company's key businesses like energy, telecommunications, and automobiles were centralized, giving the top management more control over them. also, relatively newer businesses like beverages and food processing were divested. in this scenario, wj group is involved in

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?