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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 1 Day Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
UV curable epoxy resins are used in sealing, in gap fi lling, and as a clear coating. Your boss saw a report submitted by the chief fi nancial officer (CFO) that said the equivalent annual worth of maintaining the equipment used in producing the resins was $48,436 over the last 5 years. The report showed that the cost in year 1 was $42,000, and it increased arithmetically by $4000 each year. Your boss thought $48,436 was too high, so she asked you to determine what interest rate the CFO used in making the calculations. What was the interest rate?
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