Biotechnology firm is saving to purchase equipment

Assignment Help Financial Management

Reference no: EM131825935

A small biotechnology firm is saving to purchase new equipment which will cost $395,000 at the time of purchase. They are able to save money in an account which earns 12% per year, compounding quarterly. If they wish to purchase the equipment two years from now, how much will they need to save per month?

Reference no: EM131825935

Questions Cloud

What are the basic elements of creating a contract? : With this respect to the element of consideration, what is this element, and what is the definition of consideration? what are the basic elements of creating a

What is duration of this bond : Assuming all market interest rates are 14%, what is the duration of this bond?

Differences between a for-profit supply chains : What are three important differences between a for-profit supply chains and a non-profit supply chain?

Who spits at another with a six-match suspension : Does it make sense to punish the player who physically injures another with a four-match suspension and punish the player who spits at another

Biotechnology firm is saving to purchase equipment : A small biotechnology firm is saving to purchase new equipment which will cost $395,000 at the time of purchase.

Identify the mission statement of the company : Choose a company that has both a mission and vision statement. (homedepo) or another home department store that has both a mission and vision statement.

Purchasing and supply management professionals : Discuss the different types of pricing strategies and methodologies confronted by Purchasing and Supply Management professionals in the acquisition of goods.

Constructive relationships with foreign partners : Which organization is responsible for facilitating implementation of U.S. laws and DOD policies affecting foreign participation in DoD contracts and maintaining

How leader can use emotional intelligence to handle a crisis : Identify a crisis scenario. Create a role-play scenario of how a leader can use emotional intelligence to handle a crisis or conflict situation.

User Account

All Pages