A project has an initial cost of $60,000, expected net cash inflows of $14,000 per year for 9 years, and a cost of capital of 14
1 answer:
You might be interested in
Answer:
-6m^4-m^3
Step-by-step explanation:
First you move the parenthesis then you group the like terms after you group the like terms you get which is adding the similar elements and after you add similar elements you get -6m^4-m^3. Srry if this makes no sense
Step-by-step explanation:
<em><u>If you are solving for y :</u></em>
<em><u></u></em>
Answer:
Rate = 10%
Step-by-step explanation:
We are given with the following details.
Interest earned = $ 116.25
Principal = $ 1550
Interest Rate = r (say)
Time = 9 months
=
We are asked to determine the rate of interest for which we can earn 116.25 interest. As we are not specifically given whether it is a compound or simple interest , we assume it to be simple interest and solve .
The formula for simple interest is given as
r=0.1
Hence the r = 0.1
Hence the rate of interest is 10%