hates that the cost of steel bodies for pressure valves will increase by $2 every 3 month pe $80, what is the present worth of the costs for a 4-year time period at an interest rat

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Chapter5: Business And Economic Forecasting
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Eckelberger Products Inc. makes high-speed recorders with high-speed scanning. The small company has been growing at an
average rate of 65% per year for the past 4 years. The CEO asked you to convert the past growth rate into a daily rate for its annual
report. If the past growth rate was an effective rate, what was the effective growth rate daily?
The effective growth rate daily is
%.
Transcribed Image Text:Eckelberger Products Inc. makes high-speed recorders with high-speed scanning. The small company has been growing at an average rate of 65% per year for the past 4 years. The CEO asked you to convert the past growth rate into a daily rate for its annual report. If the past growth rate was an effective rate, what was the effective growth rate daily? The effective growth rate daily is %.
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 1.32%
per quarter?
The present worth is $ |
Transcribed Image Text: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 1.32% per quarter? The present worth is $ |
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