Coronary artery bypass grafting DRG price is $31,329. If the hospital agreed to a payment of $35,000 in 3 years, what was the annual interest rate?
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Coronary artery bypass grafting DRG price is $31,329. If the hospital agreed to a payment of $35,000 in 3 years, what was the annual interest rate?
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- Erie General Hospital wants to purchase a new blood analyzing device today. Its local bank is willing to lend it the money to buy the device at a 2% monthly rate. The loan payments will start at the end of the month and will be $3,100 per month for the next 24 months. The purchase price of the device is___________.A hospital equipment is selling for 93,863.9 downpayment plus 26,184.6 semiannual payment for 4 years. The first installment payment is due at the end of 1 year and 6 months after of sale. If interest is 5.1% compounded semi-annually, how much is the equivalent cash price of the equipment? Compute using the given interest and compounding period.A hospital equipment was purchased on installmen by your company. Your company made a P150,000 down payment and made a regular payment of P10,000 every end of two months for five years. What kind of annuity is described in the problem? A. Simple annuity B. general annuity C. deferred annuity D. None of the above What is the cash value of the equipment if money is worth 7% compounded bimothly? (Hint: bimonthly is every two months) A.P251,899.56 B.P356,739.03 C.P401,899.56 D.P506,739.03
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