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kvasek [131]
3 years ago
10

* Help you guys please* Would you be willing to pay extra money to use nitrogen in your tires? Explain why or why not

Business
1 answer:
algol133 years ago
5 0

Greatings,

I dont know, where are you living or what car you are driving for what reason.

In principal for everyday ride you do not need nitrogen, nor should you use it.

But if you are nasscar or some wild driver you should consider it.

Peace out.



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Answer:

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Explanation:

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rate ?

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To solve we can use excel, a financial calculator or trial and error

For excel we will do the following:

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then we write in the empy cell

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This will give the IRR which is 6%

For the second assignment:

we need to solve for time:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\  

C    3,800

time            n  

rate            0.06

PV $31,897

3800 \times \frac{1-(1+0.06)^{-n} }{0.06} = 31,897\\  

 We work out the formula:

(1+0.06)^{-n} = \frac{31,897\times 0.06}{3,800}

Now we solve the right side and apply logarithmic properties

-n = \frac{log0.503636842
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n = 11.77

It will take 12 years to obtain their target amount

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3 years ago
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Assessment
faust18 [17]

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