# 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. Secret treasure Scouts have a tent in the shape of a regular quadrilateral pyramid with a side of the base 4 m and a height of 3 m. Determine the radius r (and height h) of the container so that they can hide the largest possible treasure. 2. Angles of elevation From points A and B on level ground, the angles of elevation of the top of a building are 25° and 37° respectively. If |AB| = 57m, calculate, to the nearest meter, the distances of the top of the building from A and B if they are both on the same side of t 3. 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. 4. 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? 5. 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 6. 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)
7. Equation 23
Find value of unknown x in equation: x+3/x+1=5 (problem finding x)
8. Geography tests
On three 150-point geography tests, you earned grades of 88%, 94%, and 90%. The final test is worth 250 points. What percent do you need on the final to earn 93% of the total points on all tests?
9. Medians in right triangle
It is given a right triangle, angle C is 90 degrees. I know it medians t1 = 8 cm and median t2 = 12 cm. .. How to calculate the length of the sides?
Two wattmeters are connected to measuring power in a 3 phase balanced load. Determine the total power and power factor if the two wattmeters read 1000 watts each (1) both positive and (2) second reading is negative
11. Faces diagonals
If the diagonals of a cuboid are x, y, and z (wall diagonals or three faces) respectively than find the volume of a cuboid. Solve for x=1.2, y=1.7, z=1.45
12. Voltmeter range
We have a voltmeter which in the original set measures voltage to 10V. Calculate the size of the ballast resistor for this voltmeter, if we want to measure the voltage up to 50V. Voltmeter's internal resistance is 2 kiloohm/Volt.
13. Car down
Sarah buys a car costing \$12,500. It depreciates in value by 8% in the first year, 10% the second year and 5% in the third year. Calculate the value of a car after the third year.
14. Wall and body diagonals
Calculate the lengths of the wall and body diagonals of the cuboid with edge dimensions of 0.5 m, 1 m, and 2 m
15. Alien ship
The alien ship has the shape of a sphere with a radius of r = 3000m, and its crew needs the ship to carry the collected research material in a cuboid box with a square base. Determine the length of the base and (and height h) so that the box has the larges
16. Space diagonal
The space diagonal of a cube is 129.91 mm. Find the lateral area, surface area and the volume of the cube.
17. Three-day trip
The cyclist on three-day trip travel 30% of the total route on the first day, 3/5 of the rest on the second day and 35 km on the third day. How many kilometers did travel cyclists each day and how many?