Metalfab Pump and Filter Inc. estimates that the cost of steel bodies for pressure valves will...
Metalfab Pump and Filter Inc. estimates that the cost of steel bodies for pressure valves will increase by $2 every 3 months. If the cost for the first quarter is expected to be $80, what is the present worth of the costs for a 4-year time period at an interest rate of 1.18% per quarter? The present worth is $____?
Homework Answers
| Present worth | $1,370.53 |
WORKINGS
| Quarter | Costs |
| 1 | 80.00 |
| 2 | 82.00 |
| 3 | 84.00 |
| 4 | 86.00 |
| 5 | 88.00 |
| 6 | 90.00 |
| 7 | 92.00 |
| 8 | 94.00 |
| 9 | 96.00 |
| 10 | 98.00 |
| 11 | 100.00 |
| 12 | 102.00 |
| 13 | 104.00 |
| 14 | 106.00 |
| 15 | 108.00 |
| 16 | 110.00 |
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Metalfab Pump and Filter Inc. estimates that the cost of steel
bodies for pressure valves will...
Metalfab Pump and Filter Inc. estimates that the cost of steel bodies for pressure valves will...
Metalfab Pump and Filter Inc. estimates that the cost of steel bodies for pressure valves will increase by $2 every 3 months. If the cost for the first quarter is expected to be $80, what is the present worth of the costs for a 4-year time period at an interest rate of 1.18% per quarter? The present worth is
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