Answer the following compounding discounting questions assuming year end cash flows St Elsewhere Hospital purchased a DaVinci Robotic System for $4 7 million dollars, using a 5 year loan at 4 8 interest Round to the nearest whole dollar Show all calculations a) What will be the annual payment for the machine b The price of the DaVinci Robotic System ($4 7 million) is rising at a fixed rate of 2 5 each year How much would it cost to replace the DaVinci machine 3 years from now Answer the following compounding discounting questions assuming year end cash flows St Elsewhere Hospital purchased a DaVinci Robotic System for $4 7 million dollars, using a 5 year loan at 4 8 interest Round to the nearest whole dollar Show all calculations a) What will be the annual payment for the machine b The price of the DaVinci Robotic System ($4 7 million) is rising at a fixed rate of 2 5 each year How much would it cost to replace the DaVinci machine 3 years from now

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Posted on Oct 03, 2024

Answer the following compounding/discounting questions assuming year-end cash flows. St. Elsewhere Hospital purchased a DaVinci Robotic System for $4.7 million dollars, using a 5-year loan

a) What will be the annual payment for the machine?

b. The price of the DaVinci Robotic System ($4.7 million) is rising at a fixed rate of 2.5% each year. How much would it cost to replace the DaVinci machine 3 years from now? image text in transcribed

Answer the following compounding/discounting questions assuming year-end cash flows. St. Elsewhere Hospital purchased a DaVinci Robotic System for $4.7 million dollars, using a 5-year loan at 4.8% interest. Round to the nearest whole dollar. Show all calculations. a) What will be the annual payment for the machine? b. The price of the DaVinci Robotic System ($4.7 million) is rising at a fixed rate of 2.5% each year. How much would it cost to replace the DaVinci machine 3 years from now