What is the equivalent annual cost of the security cameras

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Reference no: EM131505675

Question: 1. The cost to equip a large cruise ship with security cameras is $500,000. If the interest rate is 15% per year and the cameras have a life of six years, what is the equivalent annual cost (A) of the security cameras?

2. Determine the annual equivalent amount over 4 years for the following cash flow (CF) pattern. The nominal interest rate is 10%, and it is compounded monthly.

EOY 0 1 2 3 4
CF -$7,500 -$2,000 $14,000 $18,000 $4,000

Reference no: EM131505675

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