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MAXImum [283]
3 years ago
7

The operating and maintenance expenses for a mining machine are expected to be $11,880 in the first year and increase by $864 pe

r year during the 15-year life of the machine. What uniform series of payments would cover these expenses over the life of the machine
Business
1 answer:
nalin [4]3 years ago
5 0

Answer:

The answer is "\$16,441".

Explanation:

First-year operational and maintenance costs = \$11,880.

Operating and repair costs increase inwards=\$864 for the first year

N =15 years machine life

Interest I = 10\%annually combined

Please find the image file.

Its single payment sequence is now provided by:

Amount=(\text{15-year system quantity})\times (\frac{\text{Rate of interest}}{(1-(1+ \text{Rate of interest})- n))}

             = \$522,371.3236 \times (\frac{0.1}{(1-(1+0.1)-15)})\\\\

Uniform payment sequence =\$16441.2477 \approx\$16,441

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An employer pays $90 of a $100 group disability premium, and the employee pays the other $10. The disability benefit under the p
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What can happen when international rivals compete against one another in multiple-country markets?
Genrish500 [490]

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It will initiate a trade war between countries.

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3 years ago
Factory Overhead Rates, Entries, and Account Balance Eclipse Solar Company operates two factories. The company applies factory o
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International bond that is sold primarily in countries other than the country of the currency in which the issue is denominated.

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A bond denominated in Japanese Yen and issued in the UK, or a bond denominated in US dollars and issued in France or the UK are examples of Eurobonds.

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