A Texas chemical company had to file for bankruptcy because of a nationwide phaseout of methyl tertiary
Question:
A Texas chemical company had to file for bankruptcy because of a nationwide phaseout of methyl tertiary butyl ether (MTBE). The company is in the planning phase of reorganizing and expects to invest $50 million in a new ethanol production facility. Determine the revenue necessary each month to recover its investment in 3 years, plus interest at a rate of 2% per month, compounded continuously. Solve by
(a) Formula, and
(b) Spreadsheet function.
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a i e 002 1 202 per month A 5000...View the full answer
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Anurag Agrawal
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