Homework Answers
Total number of weeks /year = 52
Biweekly interest = 16%/26 = 0.6154%
FV = 100000 x (1 + 0.6154%)52 + 25000 x (1 + 0.6154%)39 + 25000 x (1 + 0.6154%)26 + 25000 x (1 + 0.6154%)13 + 25000
FV = 269459.5
Add Answer to:
Thermal Systems, a company that specializes in odor control for wastewater treatment plants, made deposits of...
Thermal Systems, a company that specializes in odor control for wastewater treatment plants, made deposits of...
Thermal Systems, a company that specializes in odor control for wastewater treatment plants, made deposits of $100,000 now and $25,000 every 6 months for two years. Determine the future worth after 2 years of the deposits for i =16% per year, compounded quarterly.
Thermal Systems, a company that specializes in odor control for wastewater treatment plants, made deposits of...
Thermal Systems, a company that specializes in odor control for wastewater treatment plants, made deposits of $100,000 now and $25,000 every 6 months for two years. Determine the future worth after 2 years of the deposits for 16% per year, compounded monthly The future worth after 2 years of the deposits for 16% per year, compounded monthly is $
Effective Rate compounding Bi Weekly
Thermal Systems, a company that specializes in odor control for wastewater treatment plants, made deposits of $100,000 now and $25,000 every 6 months for two years. Determine the future worth after 2 years of the deposits for i =16% per year, compounded bi-weekly (compounded once in two weeks).
A major city in Eastern Canada is planning to build a new wastewater treatment plant to...
A major city in Eastern Canada is planning to build a new wastewater treatment plant to accommodate the increasing water consumption of the city, Plant construction will start in 2018 and is going to take five years at a cost of $30 million per year. After construction is completed, the cost of operation, maintenance is expected to be $2 million for the first year, and to increase by 1% per year thereafter. The salvage/scrap value of the wastewater treatment plant...
Please answer all If you can't answer all then please don't answer just one question. i...
Please answer all If you can't answer all then please don't answer just one question. i need all 2. You would like to buy a house in in 16 years and estimate that you will need a deposit of $73,014. You plan to make bi-weekly deposits into an account that you hope will earn 7.05%. How much do you have to deposit every two weeks? 3. You have accumulated $1,085.55 in debt by buying things on Amazon during quarantine. The minimum...
California Circuits Company (3C) manufactures a variety of components. Its Valley plant specializes in two electronic...
California Circuits Company (3C) manufactures a variety of components. Its Valley plant specializes in two electronic components used in circuit boards. These components serve the same function and perform equally well. The difference in the two products is the raw material. The XL-D chip is the older of the two components and is made with a metal that requires a wash prior to assembly. Originally, the plant released the wastewater directly into a local river. Several years ago, the company...
please solve all the problems Problem 1 On week one, a business spent $3000, and received...
please solve all the problems
Problem 1 On week one, a business spent $3000, and received $500 cash. On week two, the business spent $400, a customer paid $1000 on credit, so no cash will be received until week five. On week three, the business spent $400, and received $950 cash. On week four, the business spent $500, and received $1,100 cash. On week five, the business spent $500, received $1,100 cash, and also received the cash from the customer...
California Circuits Company (3C) manufactures a variety of components. Its Valley plant specializes in two electronic...
California Circuits
Company (3C) manufactures a variety of components. Its Valley plant
specializes in two electronic components used in circuit boards.
These components serve the same function and perform equally well.
The difference in the two products is the raw material. The XL-D
chip is the older of the two components and is made with a metal
that requires a wash prior to assembly. Originally, the plant
released the wastewater directly into a local river. Several years
ago, the company...
You want to buy a car, and a local bank will lend you $25,000. The loan...
You want to buy a car, and a local bank will lend you $25,000. The loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 4% with interest paid monthly a. What will be the monthly loan payment? Round your answer to the nearest cent. b. What will be the loan's EAR? Round your answer to two decimal places. Finding the required interest rate Your parents will retire in 23 years. They currently...
4-6 A man buys a ear for $18,000 with no money down. He pays for the...
4-6 A man buys a ear for $18,000 with no money down. He pays for the car in 30 equal monthly pay- ments with interest at 12% per annum, compounded monthly. What is his monthly loan payment? 4-1 Rose recently graduated in engineering. Her employer will give her a raise of $6500 per year if she passes the FE exam (Fundamentals of Engineering). (a) Over a career of 45 years, what is the present worth of the raise ifthe interest...
Thermal Systems, a company that specializes in odor control for wastewater treatment plants, made deposits of $100,000 now and $25,000 every 6 months for two years. Determine the future worth after 2 years of the deposits for 16% per year, compounded monthly The future worth after 2 years of the deposits for 16% per year, compounded monthly is $
A major city in Eastern Canada is planning to build a new wastewater treatment plant to accommodate the increasing water consumption of the city, Plant construction will start in 2018 and is going to take five years at a cost of $30 million per year. After construction is completed, the cost of operation, maintenance is expected to be $2 million for the first year, and to increase by 1% per year thereafter. The salvage/scrap value of the wastewater treatment plant...
please solve all the problems
Problem 1 On week one, a business spent $3000, and received $500 cash. On week two, the business spent $400, a customer paid $1000 on credit, so no cash will be received until week five. On week three, the business spent $400, and received $950 cash. On week four, the business spent $500, and received $1,100 cash. On week five, the business spent $500, received $1,100 cash, and also received the cash from the customer...
California Circuits
Company (3C) manufactures a variety of components. Its Valley plant
specializes in two electronic components used in circuit boards.
These components serve the same function and perform equally well.
The difference in the two products is the raw material. The XL-D
chip is the older of the two components and is made with a metal
that requires a wash prior to assembly. Originally, the plant
released the wastewater directly into a local river. Several years
ago, the company...
You want to buy a car, and a local bank will lend you $25,000. The loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 4% with interest paid monthly a. What will be the monthly loan payment? Round your answer to the nearest cent. b. What will be the loan's EAR? Round your answer to two decimal places. Finding the required interest rate Your parents will retire in 23 years. They currently...
4-6 A man buys a ear for $18,000 with no money down. He pays for the car in 30 equal monthly pay- ments with interest at 12% per annum, compounded monthly. What is his monthly loan payment? 4-1 Rose recently graduated in engineering. Her employer will give her a raise of $6500 per year if she passes the FE exam (Fundamentals of Engineering). (a) Over a career of 45 years, what is the present worth of the raise ifthe interest...
Most questions answered within 3 hours.
-
A 24.6 g sample of brass is heated in a flask to 125°C in
boiling water...
asked 3 seconds from now -
1. When balancing the equation H2SO4 (aq) + NaOH (aq) →
Na2SO4(aq) + H2O(aq), would you...
asked 7 minutes ago -
Which drug candidates are most effective at docking with COX1
and COX2 respectively?
COX1: flurbiprofen, COX2:...
asked 13 minutes ago -
You place the left end of the rod on a fulcrum, and hang the
right end...
asked 14 minutes ago -
Push an object with half the mass of the cabinet with a force of
200 N....
asked 20 minutes ago -
Differentiate the application and functions of
electronic medical records, electronic health records and
electronic personal health...
asked 21 minutes ago -
What is the height of the tsunami in a water depth of 10 m
assuming the...
asked 32 minutes ago -
A χ2 goodness-of-fit test was used to test the hypothesis that
students at a local university...
asked 35 minutes ago -
Problem 1
You have a loan outstanding. It requires making three annual
payments at the end...
asked 37 minutes ago -
A database imposes several requirements on the structure of
tables. Which of the following is not...
asked 37 minutes ago -
A
fragment of DNA is amplified from a single molecule of template DNA
for 22 cycles....
asked 48 minutes ago -
Smartphones: A poll agency reports that 32% of teenagers aged
12-17 own smartphones. A random sample...
asked 56 minutes ago