# Sandy Foot Hospital expanded their cardiovascular unit to include more operating rooms. They negotiated a 20-year loan

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## Question:

- Sandy Foot Hospital expanded their cardiovascular unit to include more operating rooms. They negotiated a 20-year loan with monthly payments and a large sum of $250,000 due at the end of the loan. How much will Sandy Foot Hospital have to invest today to meet the $250,000 payment in 8 years, assuming cash could be invested at 4% interest?
**Period****1%****2%****4%****6%**5 0.951 0.906 0.822 0.747 6 0.942 0.888 0.790 0.705 7 0.933 0.871 0.760 0.665 8 0.923 0.853 0.731 0.627 9 0.914 0.837 0.703 0.592 10 0.905 0.820 0.676 0.558 - Sally Greene wants to estimate the approximate number of years required for a health care investment to double. The annual interest rate of the investment is 8%. Using the rule of 72, how many years will it take for the investment to double?
- Jimmy Chue wants to estimate the approximate number of years required for a health care investment to double. The annual interest rate of the investment Jimmy is researching is 9%. Using the rule of 72, how many years will the investment take to double?
- Which of the following would
**not**represent an investment security? - Which of the following is
**not**a major principle of investing funds? - Dr. Teetherly has a general medical practice in Colorado where she sees patients regularly during the winter months. During the months of April, May, and June, Dr. Teetherly experiences a negative cash flow and needs a loan for approximately 90 days. The local bank will offer which type of loan for Dr. Teetherly?

**Related Book For**

## Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs