Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 6 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Computer Science Posted 27 Jul 2017 My Price 4.00

contingency fund,

a. If a company sets aside $1,000,000 now into a contingency fund, how much will the company have in 2 years, if it does not use any of the money and the account grows at a rate of 10% per year?

b. Iselt Welding has extra funds to invest for future capital expansion. If the selected investment pays simple interest, what interest rate would be required for the amount to grow from $60,000 to $90,000 in 5 years?

c. To finance a new product line, a company that makes high-temperature ball bearings borrowed $1.8 million at 10% per year interest. If the company repaid the loan in a lump sum amount after 2 years, what was ( a ) the amount of the payment and ( b ) the amount of interest?

Answers

Maurice Tutor
(5)
Status NEW Posted 27 Jul 2017 11:07 PM My Price 4.00

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