Homework Answers
| Quarterly Rate = 12%/4 = 3% | ||||
| Period | Production Cost | |||
| First Year | P/F(3%,n) | Present Worth | ||
| q1 | 1 | 45000 | 0.97087379 | $ 43,689.32 |
| q2 | 2 | 45000 | 0.94259591 | $ 42,416.82 |
| q3 | 3 | 45000 | 0.91514166 | $ 41,181.37 |
| q4 | 4 | 45000 | 0.88848705 | $ 39,981.92 |
| Second Year | ||||
| q1 | 5 | 43000 | 0.86260878 | $ 37,092.18 |
| q2 | 6 | 41000 | 0.83748426 | $ 34,336.85 |
| q3 | 7 | 39000 | 0.81309151 | $ 31,710.57 |
| q4 | 8 | 37000 | 0.78940923 | $ 29,208.14 |
| Third Year | ||||
| q1 | 9 | 35000 | 0.76641673 | $ 26,824.59 |
| q2 | 10 | 33000 | 0.74409391 | $ 24,555.10 |
| q3 | 11 | 31000 | 0.72242128 | $ 22,395.06 |
| q4 | 12 | 29000 | 0.70137988 | $ 20,340.02 |
| Total Present Worth | $ 393,731.93 | |||
| Equivalent uniform quarterly cost = $393,731.93 (A/P, 3%, 12) | ||||
| Equivalent uniform quarterly cost = $393,731.93 x .1005 | $ 39,570.06 | |||
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