How can determine the interest rate on the loan
A broadband service company borrowed the $2.4 million and repaid loan in amounts of $200,000 in years 1 and 2 plus a lump sum amount of $3.168 million at the end of year 3. Determine the interest rate on the loan?
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Susan made 4 uniform annual deposits of $1800 in a savings account that earned an interest rate of 2% per year. Her last deposit was made 7 years ago. Determine the future value of her savings 13 years from now, if she leaves the account untouched
We wish to design study to assess risk factors for stroke and dementia. There're two primary outcome measures. The first is measure of neurological function. Patients with normal function typically score 70 with an SD of 15. The second outcome is
A major electronics manufacturer expects to produce the additional revenue from its recently won government contract. The company forecasts that revenue will be $190 million in the first year, but will decline by $2 million every year for the next
The Datons' accountant told them they will get refund of $8500 upon their income taxes. They're excited and decide to borrow as much as possible now to go on lifelong dream tour of one month in the Amazon in South America.
Jose Martinez, an immigrant from Mexico, determines that he needs $9000 to start a (very) small grocery store in 3 years. How much must he deposit today if his credit union will pay 4% compounded quarterly?
Process device A, which costs $100,000, has annual operating and labor costs of $60,000, and has a useful service life of four years, with an estimated salvage value of $10,000.
An investment of $30,000 earns interest of 10% compounded semi annually for 2.5 years. Determine the future value of the investment. If money can be deposited elsewhere for 2.5 years at 8% compounded quarterly, determine the present value of this
The price of product X decreases from $20 to $12, and the total quantity of monthly accounts increases from 100,000 to 225,000 in a local market.
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You stay late at work to finish an important report. Your supervisor found out and was so thrilled that you took the initiative to do so