If paid annually the insurance costs 65000 use a spread, Business Economics

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If paid annually the insurance costs 65000 use a spread

An engineering firm can pay for its liability insurance on an annual or quarterly basis. If paid quarterly, the insurance costs $18,000. If paid annually, the insurance costs $65,000. Use a spread sheet o calculate the exact quarterly interest rate for paying on an annual basis.

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Business Economics: If paid annually the insurance costs 65000 use a spread

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