What was the equivalent end-of-year cost of the strike

Reference no: EM13246406

A 40-day strike at Boeing resulted in 50 fewer deliveries of commercial jetliners at the end of the first quarter of 2000. At a cost of $20 million per plane, what was the equivalent end-of-year cost of the strike(i.e., end of fourth quarter) at an interest rate of 18% compounded monthly?

Reference no: EM13246406

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