Author Question: A lock-box system reduces A) mail float. B) transit float. C) disbursing float. D) A and ... (Read 55 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
A lock-box system reduces
 
  A) mail float. B) transit float.
  C) disbursing float. D) A and B

Question 2

Your firm intends to finance the purchase of a new construction crane. The cost is 1,500,000. How large is the payment at the end of year ten if the crane is financed at a rate of 8.50 as a discount loan?
 
  A) 228,611.56
  B) 127,500.00
  C) 3,391,475.16
  D) There is not enough information to answer this question.



heyhey123

  • Sr. Member
  • ****
  • Posts: 353
Answer to Question 1

D

Answer to Question 2

Answer: C
Explanation: C) FV = PV  (1 + r)n = 1,500,000  (1.085)10 = 3,391,475.16.

MODE = END
INPUT 10 8.5 -1,500,000 0 ?
KEY N I/Y PV PMT FV
CPT 3,391,475.16



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

For a complete list of videos, visit our video library