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| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 5 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
a. According to the Government Accountability Office (GAO), if the U.S. Postal Service does not change its business model, it will lose $480 million next month and $500 million the month after that, and the losses will increase by $20 million per month for the next 10 years. At an interest rate of 0.25% per month, what is the equivalent uniform amount per month of the losses through year 10? b. Equipment maintenance costs for manufacturing explosion-proof pressure switches are projected to be $100,000 in year 1 and increase by 4% each
year through year 5. What is the present worth of the maintenance costs at an interest rate of 10% per year, compounded quarterly?
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