An investment of $75,000 in equipment that will reduce the time for machining self-locking fasteners will save
Question:
An investment of $75,000 in equipment that will reduce the time for machining self-locking fasteners will save $20,000 per year. At an interest rate of 10% per year, the number of years required to recover the initial investment is closest to:
(a) 6 years
(b) 5 years
(c) 4 years
(d) 3 years
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 44% (9 reviews)
Principal P 75000 Rater 10 per year Savings 20000 eve...View the full answer
Answered By
Vaibhav Jain
Implementing and teaching Mathematics has always been rewarding for me.
I have had three major achievements: Degree in Mechanical Engineering, Building a Car for Supra SAE and Making delta based 3D printers. Mathematics have been crucial and fruitful for me all the time.
I have had a basic tutor experience when I was pursuing my engineering. Post engineering, I have a major experience in implementing mathematics in various applications. So as a tutor, my basic strategy will be to teach application based mathematics for better understanding.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
A company borrows $35 million for one year at an interest rate of 6-month LIBOR plus 1.5% in July. The interest has to be paid at intervals of six months. The company would like to hedge the interest...
-
A smart home is connected to micro grid as well as utility grid. The micro grid consists of solar and wind energy. Solar power plant meet 60% of energy demand of smart home while rest is from wind...
-
An investment pays 2 500 per year for the first 6 years 3 000 per year for the next 8 years and 5 000 per year the following 10 years all payments are at the end of each year If the discount rate is...
-
You have been asked to manage a $3 million university endowment fund, which is used to fund the additional salary stipend for 5 endowed chair positions. The stipend for each chair is $30,000 (for a...
-
Solve each system. Express the solution set using vectors. Identify the particular solution and the solution set of the homogeneous system. (These systems also appear in Exercise 18.) (a) 3x + 6y =...
-
Verify that (a) \(z_{0.10}=1.28\) (b) \(z_{0.001}=3.09\).
-
When the temperature of an ideal gas is increased from \(27^{\circ} \mathrm{C}\) to \(927{ }^{\circ} \mathrm{C}\), the kinetic energy will be (a) Same (b) Twice (c) Eight times (d) Four times
-
Stiever Company estimates that variable costs will be 60% of sales, and fixed costs will total $800,000. The selling price of the product is $4. Instructions (a) Prepare a CVP graph, assuming maximum...
-
2. (30 points) Here is an SML mergesort program: fun merge ([], ys) = ys | merge (xs, []) = xs merge (x::xs, y::ys) = if xy then x::merge (xs, y::ys) else y::merge (x::xs, ys) = ([], []) fun split []...
-
Tom Jackson was an employee of a large farm machinery manufacturing plant located in Akron, Ohio. He had been recently promoted and was considered by his peers to be a very good employee. Toms new...
-
The cost of a border fence is $3 million per mile. If the life of such a fence is assumed to be 10 years, the equivalent annual cost of a 10-mile-long fence at an interest rate of 10% per year is...
-
The number of years required for an account to accumulate $650,000 if Ralph deposits $50,000 each year and the account earns interest at a rate of 6% per year is closest to: (a) 13 years (b) 12 years...
-
Banner Publications was organized early in 2015 with authorization to issue 10,000 shares of $100 par value preferred stock and 1 million shares of $1 par value common stock. All of the preferred...
-
Required information [The following information applies to the questions displayed below.] Aaron, Deanne, and Keon formed the Blue Bell General Partnership at the beginning of the current year. Aaron...
-
REQUIREMENT Complete a tax research project memo. The memo should be typed and, in the format, provided below (labeled Appendix A-6). It will be graded on accurately and insightfully analyzing the...
-
6 of 10 5. (a) Mthebelele's bank statements from its local bank for the two months ended 31 July 2022 showed the following: REQUIRED: (b) Interest on credit balances Bank charges R209 000 R 9 210...
-
Wal-Mart Plans to Have What You Want W al-Mart's executives admit that one of the company's biggest problems is running out of popular items. Customers who don't find what they want at Wal-Mart will...
-
Have you taken a look at how the 2022 assortment changed compared to the 2021 assortment for one of our largest books at Colony Brands? This would include how newness penetration changed, which...
-
The zakat rate on wealth based on the solar year is a. 2.5575% b. 2.7555% c. 2.5577% d. 2.5775%
-
What are the before image (BFIM) and after image (AFIM) of a data item? What is the difference between in-place updating and shadowing, with respect to their handling of BFIM and AFIM?
-
Why does a firm incur fixed costs over the short run when its output is zero, and why do fixed costs not change as the level of output changes? Why do a firms short-run total variable costs increase...
-
A firm is considering three mutually exclusive alternatives as a part of the upgradation of an existing manufacturing process. At EOY 6, alternative 3 would be replaced with another alternative 3,...
-
A high-pressure pump at a methane gas (biofuel) plant in Memphis costs $30,000 for installation and has an estimated life of 12 years. By the addition of a specialized piece of auxiliary equipment,...
-
Use the CW method to determine which mutually exclusive bridge design (L or H) to recommend, based on the data provided in the accompanying table. The MARR is 15% per year. Bridge Design L Bridge...
-
Proposals to increase inheritance taxes are also under discussion. These are taxes on the amount of money that a person (an heir) inherits. What would the likely effect on the labor supply of heirs...
-
In 2011, a new program was put in place that allowed Christmas trees to be taxed (initially $1 per tree), with funds going to the Christmas Tree Promotion Board. The CTPB would use the funds to...
-
W W2 W3 W4 f f f f Consider the following two-sided matching problem. ff2 f3 f Wi W3 WA f2 fa fa fa fa fa f2 fi fa f2 fi f2 102 W3 WA W2 W3 W2 W2 Wi Wa Wa Wi W3 Compute the W-DA outcome. Compute the...
Study smarter with the SolutionInn App