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babunello [35]
3 years ago
6

A construction firm can achieve a $15,000 cost savings in Year 1, increasing by $3000 each year for the next 5 years, by convert

ing their diesel engines for biodiesel fuel. At an interest rate of 15%, what is the equivalent annual worth of the savings?
Business
1 answer:
Aleksandr-060686 [28]3 years ago
5 0

Answer: $21291.6

Explanation:

The equivalent annual worth of the savings will be calculated thus:

Annual cost savings in year 1 = $15000

Increase in annual cost savings = $3000

Project period = 6 years

Interest rate = 15%

Annual worth of savings = A + G(A/G, 15%, 6)

= 15000 + 3000(15,000/3000, 5%, 6)

= 15000 + 3000(5000, 0.15, 6)

= 15000 + 3000(2.0972)

= 15000 + 6291.6

= 21291.6

Therefore, the annual worth of savings will be $21291.6

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Personal finance skills have the most significant impact on an individual's
ryzh [129]

Answer:

Quality of life.

Explanation:

Financial skills can be defined as those skills that are used to tackle an unpredictable financial situation. It requires knowledge and understanding to manage such situations. Using these skills one is able to turn this tough situation in favor of ownself.

Such skills are used in the professional line by accountants, financial analysts, etc.

<u>Having personal financial skills helps in enhancing the quality of life. Having financial skills in personal life helps in many things such as savings, bargaining, able to distinguish between what they need and what they want, etc</u>.

So, the correct answer is quality of life.

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3 years ago
The gas station on the edge of town has gas that is 30c/gallon cheaper than my local station. I buy 10 gallons of gas a week. As
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Answer:

No

Explanation:

Because its better u save 0.3*10=3 dollars but I value my time for $5 for that half an hour and hence its better not to go considering opportunity cost.

3 0
4 years ago
A small open economy with a fixed exchange rate e2 is initially at equilibrium A with LM*1 and equilibrium output Y1. If there i
anastassius [24]

If there is an increase in government spending, the new equilibrium will be at <u>B</u> holding everything else constant.

<h3>What is government spending?</h3>

Government spending can be the defined as the money spent on goods and service or money spent by government to provide services to the public.

An increase in government spending will tend to lead to increase the demand of goods and service which inturn means that consumption expenditure will as well increase.

Inconclusion the new equilibrium will be at <u>B</u> holding everything else constant.

Learn more about Government spending here:brainly.com/question/27232573

6 0
2 years ago
Which ics function is responsible for documentation for mutual aid agreements?
Softa [21]

Planning

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The Incident Command System- Planning Section is tasked to collect, evaluate, disseminate information and prepares and documents Incident Action Plans. Documentation is one of the main responsibilities of the Planning Section.

6 0
3 years ago
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Answer:

yess

Explanation:

8 0
3 years ago
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