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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 409 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
2.36Â Â Â The effort required to maintain a scanning electron microscope is known to increase by a fixed per- centage each year. A high-tech equipment mainte- nance company has offered its services for a fee that includes automatic increases of 7% per year after year 1. A certain biotech company offered
$75,000 as prepayment for a 3 year contract to take advantage of a temporary tax loophole. If the company used an interest rate of 12% per year in determining how much it should offer, what was the service fee amount that it assumed for year 1?
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