Northwest Iron and Steel is considering getting involved in electronic commerce. A modest e-commerce package is available
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Northwest Iron and Steel is considering getting involved in electronic commerce. A modest e-commerce package is available for $30,000. The company wants to recover the cost in 2 years. Find the equivalent amount of new revenue that must be realized every 6 months at an interest rate of 3% per quarter using
(a) Factor formula,
(b) A single-cell spreadsheet function that includes an EFFECT function.
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a Need effective i per PP of 6 months i6 ...View the full answer
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