A chemical company has developed a new lightweight, high-strength plastic. The company is planning to spend $20
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A chemical company has developed a new lightweight, high-strength plastic. The company is planning to spend $20 million for a manufacturing plant in order to begin full-scale production. As a result, the company expects to receive $2.4 million a year for 10 years, beginning at the end of the first year. Use Excel to determine the corresponding interest rate, assuming annual compounding.
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
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