A gasoline engine is available on installment basis with a down payment of 10,688 and 2,328 at the end of each month for one year. What is the cash price of the engine if interest is set at 9% compounded monthly if payments are done every beginning of the month
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A gasoline engine is available on installment basis with a down payment of 10,688 and 2,328 at the end of each month for one year. What is the cash price of the engine if interest is set at 9% compounded monthly if payments are done every beginning of the month?
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- . Determine the exact simple interest on P 5,000.00 for the period from May 16 2016 to October 18, 2022 if the rate of interest is 15%. Determine the exact simple interest on P1,000 for the period from January December 31, 2012 at 12% interest rate.8- Consider four mutually exclusive and a do-nothing 15 alternatives, each having an 10-year useful life: A В C D First cost $1000 $800 $600|$500 Uniform annual |125 |120 |100 | 125 benefit Salvage value 750 500 250 0 (a) Construct a choice table for interest rates from 0% to 100%. (b) If the minimum attractive rate of return is 8%, which alternative should be selected?
- A machine was purchased for $ 8,000, with an estimated useful life of 10 years, and it has a scrap value of $ 1,000 and rate of interest = %1O. Calculate the following: The book value at the end of the ninth year using Sum of the Years- Digits method. * The book value at the end of the fourth year using constant percentage method. * The depreciation installment for the sixth year using straight line method. *Solve the following problems with complete solution. 7. Calculate the finance charge for a credit card that has an average daily balance of 5,600 and a monthly interest rate of 1.35%.Determine the exact simple interest on P1,000 for the period from January 10 to December 31, 2012 at 12% interest rate. What is the nrincinal mount if the
- A student has a job that leaves her with $550 per month in disposible income and wants to purchase a car. Before looking for a care she arranges a 100% loan whose terms are $350 per month for 48 months at 6% APR interest. The maximum purchase price of a car she can afford is $ discrete compound interest factor, not the formula. Solve using the$20,000.00 borrowed today for 2 years at 5% Compound Interest will result in how much total interest (I) at the end of Year 2? a) $2000.00 b) $2050.00 c) $20,000.00 d) $22,000.00Q1. Calculate the expected hourly owning and operating cost for the second year of operation of the twin-engine scraper described below: Cost delivered 300,000 JD Tire cost = 24,000 JD Estimated life= 5 years Salvage value = 30,000 JD Depreciation method=sum-of-the-years digits Investment (interest) rate = 10% Hours used per year = 2,000 hr Tax, insurance, and storage rate = 8% Rated power = 465 hp Fuel price=0.40JD/ liter Operator's wages = 6 JD/h Fuel consumption factor = 0.035 liter /h/hp Service cost factor = 33% of hourly fuel cost Equipment Repair cost = 8.4 JD/h Estimated tire life= 3,000 hr
- Question 50 At 7.7%, a bridge cost P 210M with a life of 21 years. The bridge must be partially rebuilt at a cost of P 100 M at the end of each 21 years, Calculate the capitalized dost if an annual maintenance of P 510,000 is required. Express your answer in whole number. « < Question 50 of 50 A Click Submit to complete this assessment. Save and Submit acer F11 PrtSc Del Home Pg Up F7 F8 F9 F10 F12 Pause F5 F6 FZ F3 Scr Lk SysRq Break Ins #3 24 % & 4-Backspace 5 € 7 8 W E Y U D F G K ~の エ 6Your future company has purchased a machine and has entered into a contract that requires the company to pay $2000 each year for the upgrade of machine components at the end of years 6, 7, and 8. In anticipation of the upgrade cost, your company has decided to deposit equal amounts ( X ) at the end of each year for five years in a row in an account that pays i = 6% . The first deposit is made at the end of the first year. What is the value of X?There are three alternatives for equipment to choose from. The following table shows the available information's: Alternativeo Useful S.V. (1000 Life Book value at the end of 3" year (1000 ID) Income ID) (*1000 ID.) (year) 12000 ID using straight line depreciation 7200 ID using sum-of-the years digits 5800 ID using sinking fund method A 7 2400 6000 3000 8000 C 8 2000 D 4000 You are required to select the most economical alternative from the above three. Make your decision on the basis that interest rate is 15% compounded annually