Income from recycling the paper and cardboard generated in an office building has averaged $3000 per month

Question:

Income from recycling the paper and cardboard generated in an office building has averaged $3000 per month for the past 3 years. What is the income stream’s equivalent worth now at an interest rate of 8% per year, compounded quarterly?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

See More Books

Question Posted: Dec 24, 2018 07:59 AM

See More Questions

Income from recycling paper and cardboard at the U.S. Army's Fort Benning Maneuver Center has averaged $3000 per month for 2 years. What is the future worth of the income (after the 2 years) at an...
An office building has three floors of rentable space with a single tenant on each floor. The first floor has 20,000 square feet of rentable space and is currently renting for $15 per square foot....
A paper recycling company converts newspaper, mixed paper, white office paper, and cardboard into pulp for newsprint, packaging paper, and print stock quality paper. The following table summarizes...
Instructions for the Partnership Exercise: Your assignment is to correct a defective three person partnership agreement. You need to name at least three partners in your partnership agreement. If you...
In what ways are the benefits of global and regional integration similar?
Better Mousetraps has developed a new trap. It can go into production for an initial investment in equipment of $5.4 million. The equipment will be depreciated straight-line over 6 years, but, in...
Below is a frequency distribution table for a hypothetical variable: a. How many of the scores for this variable have the value 70 ? b. What percentage of the scores has the value of 30 ? Value f%...
Consider the sales data for Computer Success given in Problem 7. a. Use a 3-month weighted moving average to forecast the sales for the months April through December. Use weights of (4/8), (3/8), and...
Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $14,000, $13,000, $15,000, $17,000, and $17,000, respectively. The interest rate is 8%. What is the...
A developer has a rectangular 5-acre site with a commercial zoning designation allowing mini-storage, office, retail, or apartments. The land is under contract for purchase for $3.35 million and the...
Beginning 1 month from now, Thaxton Mechanical Products will set aside $1500 per month for possibly replacing its corrosion-resistant diaphragm pumps whenever it becomes necessary. The replacement...
How much would your parents have to deposit each month into an account that grows at a rate of 12% per year, compounded semiannually, if they want to have $80,000 at the end of year 3 to cover part...
This year, Donnelly, Inc., will produce 57,600 hot water heaters at its plant in Delaware, in order to meet expected global demand. To accomplish this, each laborer at the plant will work 160 hours...
What are the major advantages of electronic trading over traditional corporate bond trading in the over-the-counter maiket?
What are the different forms of credit risk?
a. In selling a mortgage loan for future delivery, what is the advantage of obtaining an optional rather than mandatory delivery agreement? b. What is the disadvantage of optional delivery?
What are the four types of negotiable CDs?
How does a credit rating differ from a recovery rating?
The reason we use a z-score from a normal distribution in constructing a large-sample confidence interval for a proportion is that a. For large random samples the sampling distribution of the sample...
Match each of the key terms with the definition that best fits it. _______________ A record of the sequence of data entries and the date of those entries. Here are the key terms from the chapter. The...
Liam O'Kelly is 20 years old and is thinking about buying a term life insurance policy with his wife as the beneficiary. The quoted annual premium for Liam is $8.48 per thousand dollars of insurance...
Luis wants to have $2,000,000 in net worth when he retires. To achieve this goal, he plans to invest $10,000 each year (starting one year from now) into an account that earns 10% interest compounded...
Twelve payments of $10,000 each are to be repaid monthly at the end of each month. The monthly interest rate is 2%. a. What is the present equivalent (i.e., P0) of these payments? b. Repeat Part (a)...
Over a period of four and half years an investment grows to $ 2 0 , 0 0 0 . ( a ) If money in this investment accummlated at a simple interest rate of 8 % , what was the initial amount for the...
It is December 3 1 , 2 0 2 3 . Lincoln has an asset ( Basis $ 1 0 , 0 0 0 ; FMV = $ 4 0 , 0 0 0 ) . The gainon the asset is subject to depreciation recapture and will result in $ 3 0 , 0 0 0 in...
Define and explain the four basic functions that constitute the management process? What is a partnership? List four advantages and disadvantages of operating a business as partnership? Give an...

Income from recycling the paper and cardboard generated in an office building has averaged $3000 per month

Question:

Step by Step Answer:

Move cash flows ...View the full answer

Engineering Economy

Students also viewed these Business questions