Engineering, 09.11.2021 15:50 debrielcalderon
A certain piece of equipment has a list price of $120,000. The manufacturer offers two options for paying for the equipment.
Option A: An initial down payment of $20,000 plus additional payments of $20,000 per year at the end of each of the next six years.
Option B: A single payment of $108,000 at the time of purchase (i. e., a 10% discount for paying in cash).
(a) What annual interest rate would you be paying if you selected Option A?
(b) What is the implicit annual interest rate associated with the financing offered in Option A when compared against the discount offered in Option B?
Answers: 1
Another question on Engineering
Engineering, 03.07.2019 15:10
Ahouse has the following electrical appliance usage (1) single 40w lamp used for 4 hours per day (2) single 60w fan used for 12 hours per day (3) single 200w refrigerator that runs 24 hours per day with compressor run 12 hours and off 12 hours find the solar power inverter size in watt with correction factor of 1.25.
Answers: 1
Engineering, 04.07.2019 08:10
Which of the following is an easy way to remember the modified “x” tire rotation? a. nondrive wheels straight, cross the drive wheels b. drive wheels straight, cross the nondrive wheels c. drive wheels crossed, nondrive wheels straight d. drive wheels crossed, nondrive wheels crossed
Answers: 1
Engineering, 04.07.2019 18:10
Afull journal bearing has a journal diameter of 27 mm, with a unilateral tolerance of -0.028 mm. the bushing bore has a diameter of 27.028 mm and a unilateral tolerance of 0.04 mm. the l/d ratio is 0.5. the load is 1.3 kn and the journal runs at 1200 rev/min. if the average viscosity is 50 mpa-s, find the minimum film thickness, the power loss, and the side flow for the minimum clearance assembly.
Answers: 1
Engineering, 04.07.2019 18:10
Which of the following components of a pid controlled accumulates the error over time and responds to system error after the error has been accumulated? a)- proportional b)- derivative c)- integral d)- on/off.
Answers: 2
You know the right answer?
A certain piece of equipment has a list price of $120,000. The manufacturer offers two options for p...
Questions
Chemistry, 16.04.2020 19:33
History, 16.04.2020 19:33
Mathematics, 16.04.2020 19:33
Mathematics, 16.04.2020 19:33
Mathematics, 16.04.2020 19:33
History, 16.04.2020 19:33
Mathematics, 16.04.2020 19:33
