Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. a machine that costs $5000 is to be replaced in 5

A machine that costs $5000 is to be replaced in 5 years by a new one....

70.2K

Verified Solution

Question

Basic Math

A machine that costs $5000 is to be replaced in 5 years by a newone. The old machine at that time would be worth $500. How muchshould the periodic payments be so that there will be enough moneyto buy a new machine (at the same price) if equal payments are madeat the end of each semi-annual period at an annual interest rate of6% compounded semi-annually? R= Answer Suppose an annual interestrate of 8% compounded semi-annually is used. What is the decreasedsemi-annual payment?

Answer & Explanation Solved by verified expert
4.1 Ratings (852 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

(THREE PARTS) Ethyl alcohol is formed by enzyme action on sugars and starches during fermentation. The...

Chemistry
1.2K views

Calculate the pH and concentration of all species of malonic acid (C3H4O4) in each of the...

Biology
1.2K views

Describe the mechanism in bacteria for repair of DNA containing mismatches, chemically modified bases, and double...

Physics
1.2K views

An iron boiler of mass 180 kg contains 730 kg of water at 11 ∘C. A...

Geometry
1.2K views

warm up When you have finished your work A parabola with equation y x 13...

Basic Math
1.2K views

Let f(x) = ?x + 1 and g(x) = 3x - 2. Find fog and...

Calculus
1.2K views

Consider the following relation Step 1 of 2 Determine the domain and range for the...

Algebra
1.2K views

From the generating function of Hermite polynomials is 2th 1 e obtain H Hn x...

Accounting
1.2K views

Consider a bond with a 10% coupon and with yield to maturity = 8%. If...

Accounting
1.2K views

For both the current year and one year ago, compute the following ratios: The company's...

Accounting
1.2K views

The Regal Cycle Company manufactures three types of bicycles-a dirt bike, a mountain bike, and...

Finance
1.2K views

For the most recent financial year 2018, WOW reported operating lease expenses of $950 million,...