It’s time to get a new laptop that is $2500. If you save up for it each month it will take one year in an account that earns 5% annual interest. (A)How much would you have to put aside ea
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- It’s time to get a new laptop that is $2500. If you save up for it each month it will take one year in an account that earns 5% annual interest. (A)How much would you have to put aside each month to have enough for it? (B)What are the total acquisition costs of saving up for the laptop?
answer it using the annualize percentage change formula
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- If You-Will-Never-Pay-It-Off Loan Company lends you $150 on Monday, and you have to pay $250 after 15 days, what effective rate of interest is it charging? Assume the company compounds money on a 15-day basisSUBJECT: ENGINEERING ECONOMICS Show the complete solution. The final answer is below. Suppose a man receives an initial annual salary of 60,000Php, increasing at the rate of 5,000Php a year. If money is worth 10%, determine his equivalent salary for a period of 8 years. Answer: A = 75,022.39PhpSUBJECT: ENGINEERING ECONOMICS Show the complete solution. The final answer is already provided. Suppose a man receives an initial annual salary of 60,000Php, increasing at the rate of 5,000Php a year. If money is worth 10%, determine his equivalent salary for a period of 8 years. Answer: A = 75,022.39Php
- State University tuition and fees can be paid using one of two plans. Early-bird: Pay total amount due one year in advance and get a 10% discount. On-time: Pay total amount due when classes start. If the cost of tuition and fees is $20,000 per year, (a) how much is paid in the early-bird plan, and (b) at an interest rate of 6% per year, what is the equivalent amount of the savings compared to paying when classes start, that is, 1 year later than the early-bird plan?A road can be paved with either asphalt or concrete. Concrete costs $20,000/mile and lasts for 20 years. What is the maximum that should be spent on asphalt, which lasts only 10 years? The annual maintenance costs are $500/mile for both pavements. The cost of money = 8%.A construction manager just starting in private practice needs a van to carry crew and equipment. She can lease a used van for $3,777 per year, paid at the beginning of each year, in which case maintenance is provied. Alternatively, she can buy a used van for $5,669 and pay for maintenance herself. She expects to keep the van for three years at which time she could sell it for $1,110. What is the most she should pay for uniform annual maintenance to make it worthwhile to buy the van instead of leasing it, if her MARR is 20%?
- You want to save money on the down payment on your flat loan. You are planning to save for the next 5 years. During a year, you can accumulate a certain amount of money that you can invest at the end of the year for 3% annual interest rate. The present value of the property to be purchased is €70000. Prices for such flats rise by 12% per year. You want to buy a flat after 5 years with a down payment of 15% of its value. The administrative costs of purchasing are currently €1000, and increase by 5% each year. How much do you have to save each year to have enough money to cover down payment and administrative costs after 5 years, given that now is the beginning of the year? What if you can invest in the end of each month and interest is to be calculated monthly, how much do you have to save each month?The current yearly tuition fee for your university is $240,000. If you parents made a lumpsum investment 18 years ago which earned interest of 6.5%, how much did they invest to be able to pay tuition this year?Samantha has been working for a law firm and earning an annual salary of $90,000. She decides to open her own practice. Her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and $35,000 salary for a secretary. Samantha will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of 3%. Assuming that there are no additional expenses, Samantha’s annual implicit costs will equal __________ dollars.
- Question 3 You are looking at purchasing a new computer for your four-year undergraduate program. Brand 1 costs $4,040 now, and you expect it will last throughout your program without any upgrades. Brand 2 costs $2,440 now, and will need an upgrade at the end of two years, which you expect to be $1,725. With an 8% annual interest, compounded monthly, which is the less expensive alternative, if they provide the same level of service and will both be worthless at the end of the four years? [NOTE: In general and unless asked for otherwise, comparisons of project should be conducted in present worth dollars] Which Brand is preferred (enter either '1' or '2')? How much will you save by purchasing your preferred brand over the other? (Round your answer to the nearest dollar and enter it as a positive number) $Can you help me with this question A business is expected to generate income at a continuous rate of $25,000 per year for the next eight years. Money can earn 3.4% annual interest, compounded continuously. The business is for sale for $153,000. Is this a good deal? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.ABC university tuition fees can be paid by on-time payment (pay total amount due when classes start at the cost of 90,000 pesos per year) or early-bird payment (pay total amount due 1 year in advance with a 10% discount). What is the amount of the savings compared to the on-time payment at the time that the on-time payment is made?