Economics Rate of Interest Calculation For Buying Statues Exercise

timer Asked: Feb 21st, 2019
account_balance_wallet $10

Question Description

your own work!



Economics Rate of Interest Calculation For Buying Statues Exercise

Tutor Answer

School: UCLA


Running head: ECONOMICS


Student’s Name
Institution Affiliation



What to charge for each statute to earn return rate of 2.8% per month
Return wanted per month (rate of return, i) = 2.8%
Number of months (n) (4 years) = 4*12 = 48
Current costs per ounce (PV) = $0.6134
Price of ounce is falling consistency per month (for next 6 years) = $0.005
Periodic rate (I/Y) = 0.005/0.6314 = 0.8151%
PMT = $0.005
FV =PV (1-i/y)n-1 = 0.6134(1-0.008151)47 = $0.4203
Cost incurred due to usage in the month=. For 43 statues the printer is using 2.25 ounces of the
material and its cost in the nth month is (0.6314-0.005(n-1...

flag Report DMCA

Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

Similar Questions
Hot Questions
Related Tags
Study Guides

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors