Solution-Find only variable in equation should be the

Find only variable in equation should be the interest rate

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Reference no: EM132763290

Problem 1: A hospital is considering the construction of a new parking deck. The facility will have a 200-space capacity; the total construction cost is $4,000,000. The useful life is projected to be 30 years. The plan is to collect an average of $5 per day per space with an average capacity of 80%. Set up the equation necessary to solve for the Rate of Return for this proposal. The only variable in this equation should be the interest rate i.

Reference no: EM132763290

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Find only variable in equation should be the interest rate

Reference no: EM132763290

Reference no: EM132763290

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