Gulf Shore Surgery Center

case 11- Gulf Shore Surgery Center
-Prepare your response in memo format, suitable for presentation to a senior level executive. All Excel work should be imported into the memo in table format (in the body of the document) or enclosed as an Appendix within the same document.
-Utilize the case model provided by the publisher to respond to the questions below.
1. Which bank should Gary choose for a saving account, which bank for a certificate of deposit, and which bank for a term loan?
2. Gary will invest the donations from a wealthy investor in CDs. How much will the Center have accumulated on the day of the last donation? (Use the CD interest rate offered by the bank you selected for a CD in question 1.)
3. If the Center takes out a 5-year term loan that would be repaid in equal annual installments, how much will it owe to BankSouth if Gary decides to pay off the loan early, at the end of the third year? (Use the term loan interest rate offered by the bank you selected for a term loan in question 1.)