Meggitt Systems, a company that specializes in extreme-high-temperature accelerometers, is investigating whether it should update certain equipment now or wait and do it later. If the cost now is $280,000, what is the equivalent amount 2 years from now at an interest rate of 12% per year?
What will be an ideal response?
F = 280,000(F/P,12%,2)
= 280,000(1.2544)
= $351,232
Trades & Technology
You might also like to view...
Many unusual or rare plants make great houseplants and are called ____________________ plants
Fill in the blank(s) with correct word
Trades & Technology
One Newton is equal to
Trades & Technology
One of the most common grounding systems used for protection against accidental electrical shock is the _____
a. two-wire system b. three-wire system c. four-wire system d. five-wire system
Trades & Technology
Contractors with better-than-average loss experience _____.
a. have an EMR of less than 100 percent b. are penalized in their workers' compensation costs c. have an EMR of more than 100 percent d. may set their own EMR
Trades & Technology