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Frank signed up with a new movie service. It costs $757 per year, with a one-time set-up fee of $247 due today. The movie service
Frank signed up with a new movie service. It costs $757 per year, with a one-time set-up fee of $247 due today. The movie service requires a 4-year contract. If movies typically cost $8.48 per movie, what is the minimum number of movies Frank would need to see in a year to make the service worthwhile? Use an interest rate of 6% to make the calculation. Enter your answer as follows: 12345 Round your answer. Do not use any commas (","), or a decimal point (":") Note: Frank makes the payments at the end of the year. Frank makes the first payment at the end of year 1 and the last payment at the end of year 4. Flo's Frozen Yogurt shop is evaluating new dispensing machines. The Flownator has a first cost of $31,114 and annual expenses of $9,929 that will increase by $498 per year. It will require an overhaul at the end of year 5 at a cost of $6,817. The Flownator will save $19,448 per year in labor costs. The Flownator has a salvage value of $9,113 and a lifespan of 11 years. The YogGoo300 has a first cost of $23,167 and annual expenses of $3,843 that will increase by 1% per year. The YogGoo300 will save Flo's $11,201 per year in labor costs. The YogGoo300 has a lifespan of 5 years. What must the salvage value of the YogGoo30 be to make it equally desirable to the Flownator? Use a MARR of 1% to make your calculation. Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas (";"), or a decimal point (":")
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