Wednesday
April 23, 2014

Homework Help: Finance

Posted by James on Thursday, April 12, 2012 at 12:56am.

A grocery store manager must decide whether to buy four rug cleaners to rent to customers. The manager estimates that the first would yield $200 a year, the second $150, the third $75, and the fourth $20. If the interest rate is 12 percent and each rug cleaner costs $500, how many should the manager buy? a. none b. two c. one d. four e. three

The answer is three, but how do I get it?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

college - The manager of a Drug Store knows that 50% of the customers entering ...
Finance - 1) A typical use of managerial accounting is to: a) help investors and...
Finance - 1) A typical use of managerial accounting is to: a) help investors and...
finance - Home Builder Supply a retailer in the home improvement industry, ...
Business law - Grocery, Inc., is a retail grocery store chain based in Any State...
math - at a local grocery store, the bananas they receive are transported ...
personal finance - must calculate whether a couple should rent or buy a home.
GR.12 BIOLOGY - i have to do an experiment on alcohol fermentation using yeast ...
Cover letter Help - Okay, so I'm trying to get a job at this grocery store. And ...
English - 1. Where do you buy a scarf? -I buy it at the department store. 2. ...

Search
Members