What is the maximum economical price for the controller

Assignment Help Financial Management

Reference no: EM131579456

1. An automatic process controller will eliminate the current manual control operation. Annual cost of the current method is $7,000. If the controller has a service life of 15 year and an expected market value of 8% of the first cost, what is the maximum economical price (in dollar) for the controller? Ignore interest.

2. Your monthly mortgage payment (principal plus interest) is $1, 100. If you have a 12-year loan with a fixed interest rate of 0.75% per month, how much did you borrow from the bank to purchase your house (rounded to the nearest whole dollar)?

3. What is the principal (to the nearest whole dollar) remaining after 24 monthly payments made on a $55,000 five-year loan? The annual interest rate is 3% nominal compounded monthly.

Reference no: EM131579456

Questions Cloud

Did you experience any culture shock : Did you experience any culture shock? Were there any social norms in this new culture that were interesting to you or surprised you?

Analyze the affordable care law and address : How all three branches of government were involved in its creation, and the issues associated with their involvement.

What aspect of adult education or training do you plan : What aspect of adult education or training do you plan to pursue? How do you plan to learn and stay current on trends and new developments?

Design the chip so that no two wires cross : As in the previous exercise, we are laying out a computer circuit. However we now have six terminals, labeled a, b, c, 1, 2, and 3.

What is the maximum economical price for the controller : An automatic process controller will eliminate the current manual control operation. what is the maximum economical price (in dollar) for the controller?

Why do those terms relate to the article : What are the key terms from our text that are applicable to the article that you found? Why do those terms relate to the article?

Focus of the world trade organization : Dispute settlement is the focus of the World Trade Organization (WTO) and the way that the organization keeps the global economy stable.

How do cultural issues affect the organization itself : How do cultural issues affect the organization itself? How does culture affect the mission and purpose of this organization?

Discuss the five terminals of the given design : A circuit is to be laid out on a computer chip in a single layer. The design includes five terminals.

User Account

All Pages