serenityburke

06.11.2020 • 

Mathematics

Biochemical Corp. requires $590,000 in financing over the next three years. The firm can borrow the funds for three years at 9.00 percent interest per year. The CEO decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.25 percent interest in the first year, 11.90 percent interest in the second year, and 8.15 percent interest in the third year. Assume interest is paid in full at the end of each year. a. Determine the total interest cost under each plan.

b. Which plan is less costly?

multiple choice
Long-term fixed-rate plan
Short-term variable-rate plan

Ответ:

asiaemerlle

04.12.2021

Mathematics

---

Bill can hit 456 golf balls in 24 hours

323 balls divided by 17 hours equals 19 balls per hour.

So; 19x24=456

---

0,0(0 оценок)