Q: Western Refining purchased a model MTVS peristaltic pump for injecting antiscalant at its…
A: Time period is denoted by ‘n’ and interest rate is denoted by ‘i’. It is given that the cost of pump…
Q: Write the formula with which the effective rate is related to the APR?
A: The effective interest rate (EIR) is related to the APR. APR is also said to be the nominal interest…
Q: The present worth of of P40,000 in the first year and amounts of increasing by P3,000 per year…
A: Given: Rate of interest=13% Amount in 1st year=P 40000 Increase in amount through 5 years=P 3000 per…
Q: AutomationDirect, which makes 6-inch TFT color touch screen HMI panels, is examining its cash flow…
A: Interest rate = 10% Planned spending is $7000 for two years, $9000 for four years and $15,000 for…
Q: You earn SEK 10,000 for three years. After these three years, you have SEK 13,000. The interest rate…
A: Annual percentage rate (APR) refers to the yearly interest generated by a sum that's charged to…
Q: Turik Electronics manufactures microprocessor based soft starters that use thyristors for controlled…
A:
Q: For the factor (F∕P,10%,43), find the percent difference between the interpolated and…
A: The time period is 43 years, interest rate is 10%. P denoted the present value.
Q: Self-tightening wedge grips are designed for tensile testing applications up to 1200 pounds. The…
A: Net cash flow refers the difference between the revenue and expenses. The Table-1 shows the net cash…
Q: Each year Exxon-Mobil expends large amounts of funds for mechanical safety features throughout its…
A: The interest rate or nominal interest rate is any given or declared rate of interest. FV or future…
Q: Attenuated Total Reflectance (ATR) is a method for looking at the surfaces of materials that are too…
A: Future worth of saving can be calculated as follows: Future worth of…
Q: The company must make $ its investment plus a return of 15% per year. million annually in years 1…
A: Present worth is the term that is used to describe the worth of the money for today as compared to…
Q: 24) At a return rate of 20% per year, the amount of money you must deposit for five consecutive…
A: Given: The amount of future value (FV) = $50,000 The rate of return is = 20% Number of years = 15…
Q: At 20 years old, Josh is an avid saver. He wants to put an equal amount each year from age 21 to 50…
A: Equivalent annual saving (EUAS) can be calculated by using the following formula.
Q: Aloma, a university graduate who started a successful business, wants to start an endowment in her…
A: Scholarship amount per year (SA) is $10,000 forever. Deposit for scholarship (D) is $100,000.
Q: Northwest Iron and Steel is considering getting involved in electronic commerce. A modest e-commerce…
A:
Q: Loadstar Sensors is a company that makes load/ force sensors based on capacitive sensing technology.…
A: Present value can be calculated as follows:
Q: warranty expired after 3 years of ownership. The cost of periodic mainten $800 every 2 years. If the…
A: First we compute Calculate the present worth of the repair and maintenance. Second we compute…
Q: What is the difference between APR and APY? Which one is used in interest factor formulas, tables,…
A: The annual percentage rate (APR) is the measure of annual interest rate. It is same as nominal rate…
Q: The maintenance cost of Ford Manufacturing Plant, Dearborn, Michigan will increase according to an…
A: Equivalent annual worth gives the value or the amount that is incurred as cost in the maintenance of…
Q: What is the equivalent annual cost in years 1 through 7 of a contract that has a first cost of…
A: First cost (FC) is $70,000. Time period (n1) is 7 years. Equivalent annual cost (AC) is $15,000.…
Q: It cost P66,327 at the end of each year to maintain a section of Kennon road in Baguio City. If…
A: The value of money refers to the number of goods and services one can buy using it. It is calculated…
Q: Heat loss through the walls of a heating system means an annual cost of $800,000. An insulation…
A: Given Initial annual cost = $800,000 The cost of an insulation system that can reduce the loss by…
Q: he present sum needed to provide for an annual withdrawal of $2,000 for 20 years beginning 5 years…
A: Given: Annual withdrawal=$2000 Number of years=20 Interest rate=7%
Q: Bodine Electric makes gear motors with a threestage, selectively hardened gearing cluster that is…
A: Amount borrowed, P = $20,000,000 Rate of interest = 10% Number of installments, n = 6 We know that,…
Q: The cost of a fence that can detect poacher intrusion into a National Wildlife Preserve is $3…
A:
Q: At an interest rate of 10% per year, the equivalent amount of $10,000 one year ago :is closest to .a…
A: Principal = $10,000 Time = 1 Year Interest Rate = 10% Simple Interest = P*R*T/100 = (10,000)(0.1)(1)…
Q: An Indium-Gallium-Arsenide-Nitrogen alloy developed at Sandia National Laboratory is said to have…
A: extra investment = $950,000 extra revenues = $450,000
Q: A mortgage bond issued by Automation Engineering is for sale for $9,000. The bond has a face value…
A:
Q: A company expects the cost of equipment maintenance to be $5,000 in year one, $5,500 in year two,…
A: Given cost in 1st year = 5000 $ Constant increase in cost = 500 $ Time = 15 years Interest rate = 5…
Q: The National Institute on Drug Abuse has spent $15 million on clinical trials to find out whether…
A: The given information: Interest rate =8% Time period = 5 Gradient = 15%
Q: At an interest rate of 10% per year, the perpetual equivalent annual cost of $70,000 now, $100,000…
A: Given the interest rate = 10% Current perpetual equivalent cost = $70000 At the end of six year =…
Q: A government-required truth-in-lending document showed that the APR was 21% and the APY was 22.71%.…
A: The term APR indicates the compounding interest and the term APY indicates the annual effective…
Q: The heat loss through the exterior walls of a certain manufacturing plant is estimated to cost…
A: Given that; First cost= $401,000 which can reduce heat loss by 80% Cost at EOY 1=$29000 The cost of…
Q: How much will Kingston Technologies have to pay each year in eight equal payments, starting 2 years…
A:
Q: rate of 3% per year, and an unknown future amount in year 8.
A: *Answer:
Q: How much must you deposit each year into your retirement account starting now and continuing through…
A: The perpetual equivalent withdrawal (AW) is $80,000, interest rate (i) is 10 percent, time period…
Q: A construction management company is examining its cash flow requirements for the next few years.…
A: The Answer is given below
Q: Cisco’s gross revenue (the percentage of total revenue left after subtracting the cost of goods…
A: Company's gross revenue is 70.1% of its total revenue. In first two years, company's gross revenue…
Q: Over a 7-year period, the number of uninsured motorists in New Mexico dropped from 33% to 10%…
A: The number of uninsured motorists dropped from 33% to 10% during 7 years. Assuming the decrease…
Q: How much is the interest that will be paid on a Php25,000 loan that was made on May 1, 2002 and…
A: Given information: Principal amount (P): Php25,000 Interest rate (R): 8% per year Time period (T):…
Q: Your company grant you a P 100,000 loan for personal purposes. The annual payment is P 8,880 and the…
A: Given:- Present value of loan=P 100,000 Interest rate=8% or 0.08 Afford to pay(Annual payment…
Q: The first cost of a certain equipment is P324,000 and a salvage value of P50,000 at the end of its…
A: First, we convert all values into an equivalent A i.e. annual equivalent value. Then, to find the…
Q: Western Refining purchased a model MTVS peristaltic pump for injecting antiscalant at its…
A:
Q: The present worth of $5,000 in year 3, $10,000 in year 5, and $10,000 in year 8 at an interest rate…
A: The formula for present value (PV) is as follows: PV=FV×1(1+r)n , where FV is the future value, r is…
Q: Determine the rate of return for the cash flows shown if the MARR is 10% Show your calculation even…
A: Given information MARR=10% I=?
Q: Wylie has been offered the choice of receiving $4,700 today or an agreed-upon amount in 1 year.…
A: Given:- Received today= $4700 In future= $5500 To calculate:- TVOM(Time value of money)=?
Q: What is the equivalent annual cost in years 1 through 8 of a contract that has a first cost of…
A: Given: First Cost=$72000 Annual cost from Year 3-8=$16000 Interest rate=14%
Q: First Corp Bank advertises interest paid at 2% every 6 months. What is the APR?
A: Nominal rate is also known as annual percentage rate APR when annual rate is calculated. If interest…
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- Write the formula with which the effective rate is related to the APR?A person’s credit score is important in determining the interest rate they have to pay on a home mortgage. According to Consumer Credit Counseling Service, a homeowner with a $100,000 mortgage and a 580 credit score will pay $90,325 more in interest charges over the life of a 30-year loan than a homeowner with the same mortgage and a credit score of 720. How much higher would the interest rate per year have to be in order to account for this much difference in interest charges, if the $100,000 loan is repaid in a single lump sum payment at the end of 30 years?Over a 7-year period, the number of uninsured motorists in New Mexico dropped from 33% to 10% because an up-to-date computer database allowed the state to better police its requirements for car and truck liability insurance. Assuming the decrease occurred uniformly and compounded annually, what was the annual rate of the decrease?
- First Corp Bank advertises interest paid at 2% every 6 months. What is the APR?Yvonne’s father was a true believer in “giving back.” He endowed a program 35 years ago to help students receive degrees when they are short on funds. If Yvonne wants to start her own scholarship fund that generates $10,000 annually starting next year, what is the amount she must contribute if earnings remain at 10% per year? The amount she must contribute if earnings remain at 10% per year is $XFor the factor (F∕P,10%,43), find the percent difference between the interpolated and formula-calculated values, assuming the formula-calculated value is the correct one.
- Yvonne’s father was a true believer in “giving back.” He endowed a program 35 years ago to help students receive degrees when they are short on funds. If Yvonne wants to start her own scholarship fund that generates $36,000 annually starting next year, what is the amount she must contribute if earnings remain at 8% per year? The amount she must contribute if earnings remain at 8% per year is $ .During a recession, the price of goods and services goes down because of low demand. A company that makes Ethernet adapters is planning to expand its production facility at a cost of $1,000,000 one year from now. However, a contractor who needs work has offered to do the job for $790,000 provided the company will do the expansion now instead of 1 year from now. If the interest rate is 10% per year, how much of a discount is the company receiving?To attract new customers, EP Employees Credit Union advertised that they will begin paying 3% interest every quarter on all savings accounts. (Their competitors pay interest every 6 months.) The credit union uses March 31st, June 30th, September 30th, and December 31st as quarterly interest periods. Determine (a) the end-of period totals in the account, and (b) the interest paid each quarter on the total. Assume there are no withdrawals and that quarterly interest is not redeposited. Month Deposit, $ Jan 50 Feb 70 Mar 0 Apr 120 May 20 June 0 July 150 Aug 90 Sept 0 Oct 40 Nov 110 Dec 0
- What is the true effective annual rate of a credit card plan that charges 1.5% per month on an unpaid balance?For an APR of 10% per year, if the interest is compounded weekly, determine the nominal rate per (a) 6 months and (b) 2 years. The nominal interest rate per 6 months is %. The nominal interest rate per 2 years is %.The cost to equip a large cruise ship with security cameras is $500,000. If the interest rate is 15% per year and the cameras have a life of six years, what is the equivalent annual cost (A) of the security cameras?