Question: Can someone please do this question with all the working so that I can see how you got the answer Thanks 4. A recycling center
Can someone please do this question with all the working so that I can see how you got the answer
Thanks
4. A recycling center is expected to process approximately 2,000 tonnes of material per year. Its tipping fee, that is the fee charged per tonne to those who want to use the center will be based on the projected annual labor and maintenance costs of $40,000 per year plus the amortization costs of a construction loan of $250,000. Estimate the tipping fee required to cover these costs if the expected loan period is 20 years at an interest rate of 5% compounded semi-annually (twice per year). [5 points] 4. A recycling center is expected to process approximately 2,000 tonnes of material per year. Its tipping fee, that is the fee charged per tonne to those who want to use the center will be based on the projected annual labor and maintenance costs of $40,000 per year plus the amortization costs of a construction loan of $250,000. Estimate the tipping fee required to cover these costs if the expected loan period is 20 years at an interest rate of 5% compounded semi-annually (twice per year). [5 points]
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