« previous next »

Author Question: A lock-box system reduces A) mail float. B) transit float. C) disbursing float. D) A and ... (Read 132 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
on: Jul 10, 2018
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
Reply #1 on: Jul 10, 2018
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
« previous next »
 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Organization of the nervous system. Organization of the nervous system.
Thyroid System Thyroid System
A typical two-wire coil-on-plug ignition system showing the triggering and the switching being ... A typical two-wire coil-on-plug ignition system showing the triggering and the switching being ...
Principle Structures of the Limbic System Principle Structures of the Limbic System
How to solve a linear system when the terms are fractions How to solve a linear system when the terms are fractions
Pi molecular orbital system of PLP-amino acid Schiff base Pi molecular orbital system of PLP-amino acid Schiff base
Video: Fertilization and Development

For a complete list of videos, visit our video library