Mathematics

Mathematics, 12.10.2019 11:10, lelliott86

If you save $4,500 at an interest rate of 13 percent per year, how much will you have at the end of seven years? $8,290.96 $9,368.78 $10,586.72

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Business, 22.06.2019 15:20, amulets5239

Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.

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Business, 22.06.2019 18:00, Aethis

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan

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Business, 20.09.2019 05:10, jazzzzhands21

Biochemical corp. requires $660,000 in financing over the next three years. the firm can borrow the funds for three years at 12.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 9.50 percent interest in the first year, 14.25 percent interest in the second year, and 10.75 percent interest in the third year. assume interest is paid in full at the end of each year. a. determine the total interest cost under each plan.

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Business, 06.10.2019 03:30, aesmithswhs

Biochemical corp. requires $720,000 in financing over the next three years. the firm can borrow the funds for three years at 10.20 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 8.50 percent interest in the first year, 12.90 percent interest in the second year, and 9.75 percent interest in the third year. assume interest is paid in full at the end of each year. a. determine the total interest cost under each plan.

Answers: 3

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