Pls solve both questions pls , I will give you definitely upvote Eckelberger Products Inc. makes high-speed recorders with high-speed scanning. The small company has been growing at anaverage rate of 65% per year for the past 4 years. The CEO asked you to convert the past growth rate into a daily rate for its annualreport. If the past growth rate was an effective rate, what was the effective growth rate daily?The effective growth rate daily is%. Metalfab Pump and Filter Inc. estimates that the cost of steel bodies for pressure valves will increase by $2 every 3 months. If the costfor the first quarter is expected to be $80, what is the present worth of the costs for a 4-year time period at an interest rate of 1.32%per quarter?The present worth is $ |

Answered: hates that the cost of steel bodies for…

hates that the cost of steel bodies for pressure valves will increase by $2 every 3 month pe $80, what is the present worth of the costs for a 4-year time period at an interest rat

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

Pls solve both questions pls , I will give you definitely upvote

Eckelberger Products Inc. makes high-speed recorders with high-speed scanning. The small company has been growing at an
average rate of 65% per year for the past 4 years. The CEO asked you to convert the past growth rate into a daily rate for its annual
report. If the past growth rate was an effective rate, what was the effective growth rate daily?
The effective growth rate daily is
%.

Metalfab Pump and Filter Inc. estimates that the cost of steel bodies for pressure valves will increase by $2 every 3 months. If the cost
for the first quarter is expected to be $80, what is the present worth of the costs for a 4-year time period at an interest rate of 1.32%
per quarter?
The present worth is $ |

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