A company will need 100000 in five years time to replace, Ask an Expert

Economics

A company will need $100,000 in five year's time to replace one of its production lines. Assuming the company can earn 7% per year compound interest on its savings, how much should the company be saving at the end of each year for the next five years?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91720617

Have any Question?Write your Review or question?

Related Questions in Business Economics

Suppose that the government gives a 10 per unit subsidy to

Suppose that the government gives a $10 per unit subsidy to sellers of Humbugs. The pre-subsidy price of Humbugs was $50. There are no additional social benefits to encouraging the consumption of Humbugs. If, at the orig ...

The average or par score for an 18 hole golf course is

The average, or "par" score for an 18 hole golf course is 72. The score is computed by counting the number of swings, or "strokes" a player must make with their club to hit the ball into each of the 18 holes on the golf ...

Some residents of the village of taugswater have proposed

Some residents of the village of Taugswater have proposed purchasing logging permits relating to a nearby wilderness area. The majority of residents agree that the purchase of permits, to be set aside and not used, is th ...

What would be the substitution effect and the income effect

What would be the substitution effect and the income effect of a wage increase?

From a consequentialist perspective that has as its

From a consequentialist perspective that has as its objective improving the standard of living of unskilled workers, is the introduction of a minimum wage ethically justified?

A random sample of 15 drivers from montana and finds that

A random sample of 15 drivers from Montana and finds that they drive an average of 12,895 miles annually with a standard deviation of 3801 miles. Find the 96% confidence interval for the population mean of miles driven. ...

Briefly explain the meaning of the t-test for regression

Briefly explain the meaning of the t-test for regression analysis. How can the "rule of two" be used to evaluate t-ratios?

A sample of 1000 us households is taken and the average

A sample of 1,000 U.S. households is taken and the average amount of newspaper garbage or recycling is found to be 27.8 pounds. Assuming the standard deviation of newspaper for garbage or recycling is 2 pounds. Estimate, ...

Suppose the price level and value of the us dollar in

Suppose the price level and value of the U.S. Dollar in year 1 are 1 and $1, respectively. a. If the price level rises to 1.15 in year 2, what is the new value of the dollar? b. If, instead, the price level falls to 0 ...

Supposenbsppa02pa02nbspandnbsppb04pb04ifnbspanbspandnbspbnbs

Suppose P(A)=0.2 P(A)=0.2 and P(B)=0.4 P(B)=0.4.If A and B are disjoint, what is the probability that A or B occurs?P(A∪B)= If A and B are independent, what is the probability that A or B occurs?P(A∪B)=

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert