Northwest Iron and Steel is considering getting involvedin
Chapter 4, Problem 4.33(choose chapter or problem)
Northwest Iron and Steel is considering getting involvedin electronic commerce. A modest e-commercepackage is available for $30,000. The company wantsto recover the cost in 2 years. Find the equivalentamount of new revenue that must be realized every 6 months at an interest rate of 3% per quarter using (a)factor formula, and (b) a single-cell spreadsheet functionthat includes an EFFECT function.
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