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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Metro Klean LLC, a hazardous waste soil cleaning company, borrowed $2.5 million for 5 years to finance start-up costs for a new project involving site reclamation. The company expects to earn a real rate of return of 20% per year. The average inflation rate is 5% per year. (a) Determine the capital recovery required each year with inflation considered. (b) Determine the capital recovery if the company is satisfied with accumulating $2.5 million at the end of the 5 years with inflation considered. (c) Determine the capital recovery in part ( b ) without considering inflation.
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