Dylan is planning to purchase a new speaker system for his car that sells for $215.76 used. his bank can lend him the money at 18% for 24 months. His insurance company can lend him the money at 12% for 36 months. Determine the loan that will cost him less (simple interest)

2. using calculations based on a perpetual inventory system, determine the inventory balance altira would report in its august 31, 2021, balance sheet and the cost of goods sold it would report in its august 2021 income statement using the average cost method. (round "average cost per unit" to 2 decimal places.)