Question
If HAAS Machine Tool Company offers you an SL-20 Machine for $60,000 at an annual interest rate of 4% for 7 years, what is the
If HAAS Machine Tool Company offers you an SL-20 Machine for $60,000 at an annual interest rate of 4% for 7 years, what is the cost per minute for the machine (CM)? (The company operates 5 days per week, 8 hours per day, 50 weeks per year).
$0.0244
$0.0644
$0.0833
$0.0944
$0.1096
2.If you are negotiating a price (P) with HAAS Machine Tool Company to purchase a VF machining center and you are offered an annual interest rate of 8% for 7 years, what is the purchase price (P) you must negotiate to keep your annual machine payment for your company at $9,604?
$50,000
$55,000
$60,000
$65,000
$70,000
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