The effective annual interest rate of 6% nominal interest rate compounded quarterly is:

$12,000 is invested with an effective interest rate is 5% per year. How much money is in the account after 10 years?

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The effective annual interest rate of 6% nominal interest rate compounded monthly is:

One of the four ovens at a bakery is being considered for replacement. Given the salvage values and maintenance cost as shown, what is the marginal cost to keep the oven for another year if the MARR=10%? Year Salvage value at end of year Maintenance costs 0 $20,000 $0 1 17,000 9500

Which of the following can be determined about a loan from an amortization schedule?

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A company decides to rent space for a satellite office for a year.  They must pay a $2000 deposit and pay rent of 1200 per month.  The first months rent is due at the same time as the deposit upon move-in.  Which of the following is true of this cash flow assuming the deposit is returned at the end of the year?

A bakery is considering purchase of a new oven. A new oven costs $80,000 and this price includes a complete guarantee of the maintenance costs for the first two years and it covers a good proportion of the maintenance costs for years 3 and 4. The salvage value and maintenance costs are also summarized in the table. The MARR=10% Year Salvage value at end of year Maintenance costs EAC if kept through end of year 0 $80,000 $0 1 75,000 0 $13,000 2 70,000 0 ? 3 66,000 1000 ? 4 62,000 3000 $12,762 What is the EAC at the optimal economic life?

An annuity amount A is paid out at the end of years 6 through 12.  Which of the following is true regarding this cash flow?