What-If you have $185,500 available for part procurement for a new assembly line in your company, however
Fantastic news! We've Found the answer you've been seeking!
Question:
What-If you have $185,500 available for part procurement for a new assembly line in your company, however the invoice amount is $500,000. If the interest rate of the loan is 9.5% per year compounded weekly.
Find the following:
- Based on the information above (ONLY) - Calculate the equated monthly installment if the loan payment duration is for 4 years.
If the monthly payment your company can afford without the risk of loan default is $6,000/ month.
- Find the equipment cost if the loan payment duration is for 4 years.
- Based on your calculation using $6,000/month EMI, what is the cost savings on the equipment considering the original invoice amount of $500,000?
Find the equipment cost if the loan payment duration is for 4 years. Calculate the equated monthly installment if the loan payment duration is for 4 years. Based on your calculation using $6,000/month EMI, what is the cost savings on the equipment considering the original invoice amount of $500,000? [Hint: Subtract the new cost of equipment using EMI of $6,000 from $500,000] |
Posted Date: