Problem 1. A company is considering getting involved in electronic commerce. A modest e-commerce package is available for $20,000. If the company wants to recover the cost in 2 years, what is the...

Problem 1. A company is considering getting involved in electronic commerce. A modest e-commerce<br>package is available for $20,000. If the company wants to recover the cost in 2 years, what is the<br>equivalent amount of new income that must be realized every 6 months, if the interest rate is 3% per<br>quarter?<br>(Ans. $5,784)<br>

Extracted text: Problem 1. A company is considering getting involved in electronic commerce. A modest e-commerce package is available for $20,000. If the company wants to recover the cost in 2 years, what is the equivalent amount of new income that must be realized every 6 months, if the interest rate is 3% per quarter? (Ans. $5,784)

Jun 04, 2022

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Problem 1. A company is considering getting involved in electronic commerce. A modest e-commerce package is available for $20,000. If the company wants to recover the cost in 2 years, what is the...

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