hat is the effective interest rate on an overdraft facility where the bank requires 3.5% interest per quarter average utilization and a quarterly commission of 0.4% of limit? It is estimated that 70% of the limit of SEK 500,000 will be utilized.
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What is the effective interest rate on an overdraft facility where the bank requires 3.5% interest per quarter average utilization and a quarterly commission of 0.4% of limit? It is estimated that 70% of the limit of SEK 500,000 will be utilized.
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- Since many U.S. Navy aircraft are at or near their usual retirement age of 30 years, military officials want a precise system to assess when aircraft should be taken out of service. A computational method developed at Carnegie Mellon maps in 3-D the microstructure of aircraft materials in their present state so that engineers can test them under different conditions of moisture, salt, dirt, etc. Military officials can then determine if an aircraft is fine, is in need of overhaul, or should be retired. If the 3-D system allows the Navy to use one airplane 2 years longer than it normally would have been used, thereby delaying the purchase of a $20 million aircraft for 2 years, what is the present worth of the assessment system at an interest rate of 8% per year?A small company heats its building and spends $8,000 per year on natural gas for this purpose. Cost increases of natural gas are expected to be 10% per year starting one year from now (i.e., the first cash flow is $8,800 at EOY one). Their maintenance on the gas furnace is $345 per year, and this expense is expected to increase by 15% per year starting one year from now (i.e., the first cash flow for this expense is $396.75 at the EOY one). If the planning horizon is 15 years, what is the total annual equivalent expense for operating and maintaining the furnace? The interest rate is 18% per year. Click the loon to view the interest and annuity table for discrete compounding when/= 10% per year. Click the icon to view the interest and annuity table for discrete compounding when /= 15% per year. Click the icon to view the interest and annuity table for discrete compounding when /= 18% per year. The total annual equivalent expense for operating and maintaining the furnace is $ thousands.…Your boss has asked you to evaluate the economic viability of refinancing a loan on your plant's process equipment. The original loan of $400,000 was for 7 years. The payments are monthly and the nominal interest rate on the current loan is 6% per year. As of the present time, your company has had the loan for 36 months. The new loan would be for the current balance (i.e. the balance at the end of the 36th month on the old loan) with monthly payments at a nominal interest rate of 3% per year for 4 years. A one-time financing fee for the new loan is $10,000. Your company's MARR is 9% per year on a nominal basis. Determine if the new loan is economically advantageous. The present worth of the difference between the original financing plan and the new (proposed) financing plan is $ (Round to the nearest dollar.)
- Your company has a $300,000 loan for a new security system it just bought. The annual payment is $ 28,500 and the interest rate is 7% per year for 20 years. Your company decides that it can afford to pay $40,000,000 per year. After how many payments (years) will the loan be paid off? Answer is Blank 1 years Note: do not use comma, no need to put the unit of measure and final answer must be in 2 decimal placesTo attract new customers, EP Employees Credit Union advertised that they will begin paying 3% interest every quarter on all savings accounts. (Their competitors pay interest every 6 months.) The credit union uses March 31st, June 30th, September 30th, and December 31st as quarterly interest periods. Determine (a) the end-of period totals in the account, and (b) the interest paid each quarter on the total. Assume there are no withdrawals and that quarterly interest is not redeposited. Month Deposit, $ Jan 50 Feb 70 Mar 0 Apr 120 May 20 June 0 July 150 Aug 90 Sept 0 Oct 40 Nov 110 Dec 0ABC university tuition fees can be paid by on-time payment (pay total amount due when classes start at the cost of 90,000 pesos per year) or early-bird payment (pay total amount due 1 year in advance with a 10% discount). What is the amount of the savings compared to the on-time payment at the time that the on-time payment is made?
- A fresh graduate engineer decides to start a consulting firm by borrowing $130,000 at interest rate of 13% per year interest, using the formula: a) What is the loan payment each year to pay off the loan in 7 years?, b) Using the above calculation, draw the cash flow diagram Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.You plan to start saving money by depositing $5000 into your savings account now. Also, you estimate that you will make a deposit of $200 each year for the next 9 ears. What would be the future worth if the investment interest rate is 7% per year? (solve using both tables and rules)An investment of RM50,000 can be made in a project that will produce a uniform annual revenue of RM3,170 for seven years and then have a market (salvage) value of RM8,100. Expenses will be RM1,100 in second year and saving RM2,100 in third year. Second investment of RM4, 000 in fifth years was made to increase the project operation. The company is willing to accept any project that will earn 10% per year or more before incomes taxes, on all invested capital. Show whether this is desirable investment by using the Present Worth method. Draw the cashflow diagram.
- A customer just paid $77.91 for a raincoat. If the percent markup based on cost is 47%, what was the cost ( in $)Identify the engineering economy symbols and their values. Use a question mark with the symbol whose value is to be determined. Fifteen years ago your grandfather invested $18,000 in a stock fund to pay for your college education. Each year thereafter, he deposited $2,600 into the fund. If the investments grew at a rate of 8% per year over the 15 years, how much is in the fund now? $18,000 = (Click to select) n A i F P $2,600 = (Click to select) F i A n P 0.08 = (Click to select) P n i A F 15 = (Click to select) n P i A F ? = (Click to select) P n i A FThe local bank pays 4% interest on savings deposits. In a nearby town, the bank pays 1% per quarter. A man who has $3000 to deposit wonders whether the higher interest paid in the nearby town justifies driving there What sum of money now is equivalent to $8250 two years hence, if interest is 4% per 6-month period? The answer is closest to: Hint : 4% per 6 month means semi annual periods so the n does not equal 2 anymore ! $8,923 $7,052 $8,580 $9,651