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adelina 88 [10]
3 years ago
7

Omega Instruments has budgeted $300,000 per year to pay for certain ceramic parts over the next 5 years. If the company expects

the cost of the parts to increase uniformly according to an arithmetic gradient of $10,000 per year, what is it expecting the cost to be in year 1, if the interest rate is 10% per year?
Business
1 answer:
bija089 [108]3 years ago
4 0

Answer:

281,281.28

Explanation:

expected cost  300,000 + 10,000 = 310,000

with an inerest rate of 10%

discount value equals to 281,281.28

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