Find the cash price for a set of encyclopedias

Reference no: EM13305536

Pierce Publishing sells encyclopedias under two payment plans: cash or installment. Under the installment plan, the customer pays $25/month over 3 yr with interest charged on the balance at a rate of 17%/year compounded monthly. Find the cash price for a set of encyclopedias if it is equivalent to the price paid by a customer using the installment plan.

Reference no: EM13305536

Questions Cloud

Analyze the effects of financial and trade globalization : Write a paper summarizing the document and to also make a power point presentation and explain and talk about what the paper is about. Make sure to include any graphs, tables, formulas or statistics in the power point presentation.

What is temperature of the tires of the increase pressure : A motorists inflates the tires of her car to a gauge pressure of 180 kilopascals on a day when the temperature is -8.0 degrees Celsius. When she arrives at her destination, the tire gauge pressure has increased to 245 kilopascals.

Determine what will go into freezing the ice : You try to freeze one liter of water at 10 degrees Celsius in ice trays in your freezer. Your freezer has a coefficient of performance of 5.5 and a power rating of 550 Watts, though only 10% of the power will go into freezing the ice.

Find its speed when it reaches the bottom of the incline : A block slides down a frictionless plane having an inclination of Î¸ = 19.1 °. Find its speed when it reaches the bottom of the incline

Find the cash price for a set of encyclopedias : Find the cash price for a set of encyclopedias if it is equivalent to the price paid by a customer using the installment plan.

Determine the power output of the engine in each cycle : If it absorbs 100 Joules each cycle from the hot reservoir, how much work does it do. How much heat is given off in each cycle If each cycle takes 0.5 seconds, find the power output of the engine.

Calculate the carrying costs : Calculate the EOQ number of orders per year. (Round your answer to 2 decimal places (e.g., 32.16).)

What is the equilibrium constant : What is the equilibrium constant, Kc, for the reaction at this temperature?

Find the average net force that acts on him during this time : When jumping straight down, you can be seriously injured if you land stiff-legged. In a stiff-legged landing he comes to a halt in 2.5 ms. Find the average net force that acts on him during this time

User Account

All Pages