A Texas chemical company had to file for bankruptcy because of a nationwide phaseout of methyl tertiary butyl ether (MTBE). The company is in the planning phase of reorganizing and expects to invest $50 million in a new ethanol production facility. Determine the revenue necessary each month to recover its investment in 3 years, plus interest at a rate of 2% per month, compounded continuously. Solve by (a) formula, and (b) spreadsheet function

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Q: Approximately, what is the value of (F) if A=300, n=5 years, and i= 5.5% per year?

A: F = A x F/A(i%, n) F = 300 x F/A(5.5%, 5) F = 300 x 5.5811** F = 1674.33 **F/A(5.5%, 5) = [(1.055)5…