# Drilling machine

A manufacturing firm purchased a heavy duty drilling machine. They were given two payment options:
Option 1: Make a payment of $46,000 immediately to settle the invoice for the machine. Option 2: Make a payment of$21,500 immediately and the balance of $23,550 in 3 months to settle the invoice. If money is worth 4.12% compounded quarterly, answer the following: What is the total present value of Option 2? Result a = 45935.8 USD #### Solution: Leave us a comment of this math problem and its solution (i.e. if it is still somewhat unclear...): Showing 1 comment: Dr Math From our user: Hi Peter, Thank you for your time, I have checked your answer and it is still showing as wrong. #### Following knowledge from mathematics are needed to solve this word math problem: Our percentage calculator will help you quickly calculate various typical tasks with percentages. ## Next similar math problems: 1. Heptagonal pyramid A hardwood for a column is in the form of a frustum of a regular heptagonal pyramid. The lower base edge is 18 cm and the upper base of 14 cm. The altitude is 30 cm. Determine the weight in kg if the density of the wood is 0.10 grams/cm3. 2. The trapezium The trapezium is formed by cutting the top of the right-angled isosceles triangle. The base of the trapezium is 10 cm and the top is 5 cm. Find the area of trapezium. 3. Blueberries 5 children collect 4 liters of blueberries in 1.5 hours. a) How many minutes do 3 children take 2 liters of blueberries? b) How many liters of blueberries will be taken by 8 children in 3 hours? 4. Sides of right angled triangle One leg is 1 m shorter than the hypotenuse, and the second leg is 2 m shorter than the hypotenuse. Find the lengths of all sides of the right-angled triangle. 5. Before yesterday He merchant adds a sale sign in his shop window to the showed pair of shoes in the morning: "Today by p% cheaper than yesterday. " After a while, however, he decided that the sign saying: "Today 62.5% cheaper than the day before yesterday". Determine the n 6. Positional energy What velocity in km/h must a body weighing 60 kg have for its kinetic energy to be the same as its positional energy at the height 50 m? 7. Isosceles triangle 10 In an isosceles triangle, the equal sides are 2/3 of the length of the base. Determine the measure of the base angles. 8. AM of three numbers The number 2010 can be written as the sum of 3 consecutive natural numbers. Determine the arithmetic mean of these numbers. 9. Frustum of a cone A reservoir contains 28.54 m3 of water when completely full. The diameter of the upper base is 3.5 m while at the lower base is 2.5 m. Determine the height if the reservoir is in the form of a frustum of a right circular cone. 10. Cylinder and its circumference If the height of a cylinder is 4 times its circumference. What is the volume of the cylinder in terms of its circumference, c? 11. Propeller The aircraft propeller rotates at an angular speed of 200 rad/s. A) What is the speed at the tip of the propeller if its distance from the axis of rotation is 1.5 m? B) What path does the aircraft travel during one revolution of the propeller at a speed 12. Reducing balance method A company buys an item having a useful life of 10 years for 1,000,000. If the company depreciates the item by the reducing balance method, a. Determine the depreciation for the first year. b. Estimate the depreciation for the second and third years. c.. 13. Surface of the cylinder Calculate the surface of the cylinder for which the shell area is Spl = 20 cm2 and the height v = 3.5 cm 14. Cuboid face diagonals The lengths of the cuboid edges are in the ratio 1: 2: 3. Will the lengths of its diagonals be the same ratio? The cuboid has dimensions of 5 cm, 10 cm, and 15 cm. Calculate the size of the wall diagonals of this cuboid. 15. Compound interest 3 After 8 years, what is the total amount of a compound interest investment of$25,000 at 3% interest, compounded quarterly? (interest is now dream - in the year 2019)
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17. Uphill garden
I have a garden uphill, increasing from 0 to 4.5 m for a length of 25 m, how much is the climb in percent?