A certain piece of equipment has a list price of $120,000. The manufacturer offers two options for paying for the equipment. Option A: An initial down payment of $20,000 plus additional payments of $20,000 per year at the end of each of the next six years.
Option B: A single payment of $108,000 at the time of purchase (i.e., a 10% discount for paying in cash).
(a) What annual interest rate would you be paying if you selected Option A?

(b) What is the implicit annual interest rate associated with the financing offered in Option A when compared against the discount offered in Option B?

1. It is used to test/check the continuity of the circuit

a. Ohmmeter

2. Is a physical  device used to connect electronic test equipment to a device under test

a. Test probes

3. A device inserted to a convenience outlet to conduct electric current

a. Plug

4. Is a stranded wire used to temporary wiring installation and commonly used in extension cord assembly

a. Duplex cord

5. It is a pocket size tool used to test the line wire or circuit if there is a current in it.

a. Test light

6. An instrument used to measure the amount of electrical current intensity in a circuit

b. Ammeter

7. A pocket sized tool used to test the line wire or circuit if there is current in it.

a. Test light

8. A measuring tool used to measure the length of an object in centimeter in it

b) Ruler

9. It is used to measure the diameter of wires/conductors in circular mills. It can measure small and big sizes of wires

a. Micrometer

10. It is used to measure the voltage, resistance and current of a circuit. It is connected in parallel or series with the circuit depending on what to measure

a) Volt-Ohm-milliammeter

11. It is the measuring tool used to measure length, width and thickness of short object and in sketching straight line

Foot rule/ ruler

Explanation:

1. An Ohmmeter tests resistance of a circuit and therefore, indicates if the circuit has continuity (connectivity) by measuring the resistance to the current it sends through the circuit, while the circuit power is switched off

2. A test probe connects a testing equipment to a Device Under Test (DUT)

3. A plug is used to connect an electric appliance to the mains power supply by fitting it into the mains power outlet

4. A duplex cord is used for temporary wiring to supply power in an extension cord assembly

5. A test light is used to determine if a circuit has electric current flowing in it

6. An ammeter measures the amount of direct or alternating current flowing in a circuit

7. Test light is used to check the presence of an electric current in a circuit

8. A ruler is used to measure length and it is marked in cm or in

9. A micrometer measures the diameter of wires placed in between the anvil and spindle

10. A Volt-Ohm-Milliammeter (VOM), is also known as a multimeter that measures voltage, current, and resistance of a circuit

11. A foot rule/ ruler, measures the dimensions of objects that are flat and short