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Home / Questions / What is the monthly rate on a mortgage with a fixed APR of 5%? a) 0.42% b)0.05% c)0.0...

What is the monthly rate on a mortgage with a fixed APR of 5%? a) 0.42% b)0.05% c)0.042% d)42% 2) An automation plant that costs $1,060,000 to operationalize will offer an estimated $340,000

What is the monthly rate on a mortgage with a fixed APR of 5%?

a) 0.42%


b)0.05%


c)0.042%


d)42%

2) An automation plant that costs $1,060,000 to operationalize will offer an estimated $340,000 per year in labor savings. Annual operating and maintenance cost is $60,000. The machine will have to be upgraded after 3 years at a cost of $120,000. If the expected useful life of the plant is 8 years after which it can be disposed off at a salvage value of $20,000. Assuming an MARR of 15%, compute the net present worth of the plant.
a)$ 393,000
b)$420,000
c)$125,000
d)$-150,000

Aug 20 2021 View more View Less

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