Darnell Enterprises constructed an addition to its building at a cost of $73,000. Extra annual expenses are expected to be $1850, but extra income will be $19.000 per year. How long will it take for the company to recover its investment at an interest rate of 10% per year? The time taken for the company to recover its investment is determined to be Choose the spreadsheet function that determines p a. Spreadsheet function: NPER (10%, 17,150, -73,000) displays 6 years b. Spreadsheet function: NPER(10%, 18,815, -73,000) displays 4 years c. a. Spreadsheet function: NPER(10%, 17,150.-19.000) displays 4 years d. a. Spreadsheet function: NPER(10%, 18,815, -19,000) displays 6 years The correct spreadsheet function is in option a years.

Darnell Enterprises constructed an addition to its building at a cost of $73,000. Extra annual expenses are expected to be $1850, but extra income will be $19.000 per year. How long will it take for the company to recover its investment at an interest rate of 10% per year? The time taken for the company to recover its investment is determined to be Choose the spreadsheet function that determines p a. Spreadsheet function: NPER (10%, 17,150, -73,000) displays 6 years b. Spreadsheet function: NPER(10%, 18,815, -73,000) displays 4 years c. a. Spreadsheet function: NPER(10%, 17,150.-19.000) displays 4 years d. a. Spreadsheet function: NPER(10%, 18,815, -19,000) displays 6 years The correct spreadsheet function is in option a years.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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