Love Canal General Hospital wants to purchase a new blood analyzing device today. Its local bank...

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Love Canal General Hospital wants to purchase a new blood analyzing device today. Its local bank is willing to lend it the money to buy the analyzer at a 2 percent monthly rate. The loan payments will start at the end of the month and will be $1,700 per month for the next 18 months. What is the purchase price of the device? General Hospital wants to purchase a new MRI today. Its local bank is willing to lend it the money to buy the MRI at a 3 percent monthly rate. The loan payments will start at the end of the month and will be $5,000 per month for the next 30 months. What is the purchase price of the MRI? Midstate Medical Center is starting an endowment fund to pay for the expenses of a medical research program. The expenses are $2,000,000 per year and the program is expected to last for ten years. Assuming payments are made at the end of each year and the interest rate is 9 percent per year, what should be the initial size of the endowment? Seaside Medical Center is starting an endowment fund to pay for the expenses of a community outreach pediatric program. The expenses are $500,000 per year and the program is expected to last for five years. Assuming payments are made at the end of each year and the interest rate is 7 percent per year, what should be the size of the initial endowment? In 2000, Lilliputian County Hospital's total patient revenues were $20 million. In 2008, patient revenues are expected to be $40 million. What is the compound growth rate in patient revenues over this time period? In 2001, Wythe County Hospital's total patient revenues were $5 million. In 2010, patient revenues were expected to be $27.75 million. What was the compound growth rate in patient revenues over this time period? Love Canal General Hospital wants to purchase a new blood analyzing device today. Its local bank is willing to lend it the money to buy the analyzer at a 2 percent monthly rate. The loan payments will start at the end of the month and will be $1,700 per month for the next 18 months. What is the purchase price of the device? General Hospital wants to purchase a new MRI today. Its local bank is willing to lend it the money to buy the MRI at a 3 percent monthly rate. The loan payments will start at the end of the month and will be $5,000 per month for the next 30 months. What is the purchase price of the MRI? Midstate Medical Center is starting an endowment fund to pay for the expenses of a medical research program. The expenses are $2,000,000 per year and the program is expected to last for ten years. Assuming payments are made at the end of each year and the interest rate is 9 percent per year, what should be the initial size of the endowment? Seaside Medical Center is starting an endowment fund to pay for the expenses of a community outreach pediatric program. The expenses are $500,000 per year and the program is expected to last for five years. Assuming payments are made at the end of each year and the interest rate is 7 percent per year, what should be the size of the initial endowment? In 2000, Lilliputian County Hospital's total patient revenues were $20 million. In 2008, patient revenues are expected to be $40 million. What is the compound growth rate in patient revenues over this time period? In 2001, Wythe County Hospital's total patient revenues were $5 million. In 2010, patient revenues were expected to be $27.75 million. What was the compound growth rate in patient revenues over this time period?

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