A company is taking out a loan of 60,000 from a bank in order to upgrade...
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A company is taking out a loan of €60,000 from a bank in order to upgrade their production machines. If the company is charged 8% on loans annually and wishes to pay the loan in 3 equal annual payments starting in a year's time, what annual payment must be made? Note: FV PV (t) = (1+i)¹ [10 Marks] Q 1(b) With the aid of a sketch and an example, explain what would happen if a CONWIP system was organised as a fully pull-type system without a backlog scheduling system. A company is taking out a loan of €60,000 from a bank in order to upgrade their production machines. If the company is charged 8% on loans annually and wishes to pay the loan in 3 equal annual payments starting in a year's time, what annual payment must be made? Note: FV PV (t) = (1+i)¹ [10 Marks] Q 1(b) With the aid of a sketch and an example, explain what would happen if a CONWIP system was organised as a fully pull-type system without a backlog scheduling system.
Expert Answer:
Answer rating: 100% (QA)
Certainly Lets tackle your first question about the loan payment To calculate the annual payment we can use the formula for present value PVt FV 1it H... View the full answer
Related Book For
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
Posted Date:
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