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Worth Factor Discrete Compounding;/=1% Single Payment Compound Amount Factor Present Compound Amount Uniform Series Sinking Factor Present Worth Factor Fund Factor To Find F To Find P To Find F To Find P Given P Given F Given A Given A Given F To Find A Capital Recovery Factor To Find A Given P N F/P P/F F/A P/A A/F A/P 1 1.0100 0.9901 1.0000 0.9901 1.0000 1.0100 2 1.0201 0.9803 2.0100 1.9704 0.4975 0.5075 3 1.0303 0.9706 3.0301 2.9410 0.3300 0.3400 4 1.0406 0.9610 4.0604 3.9020 0.2463 0.2563 5 1.0510 0.9515 5.1010 4.8534 0.1960 0.2060 6 1.0615 0.9420 6.1520 5.7955 0.1625 0.1725 7 1.0721 0.9327 7.2135 6.7282 0.1386 0.1486 8 1.0829 0.9235 8.2857 7.6517 0.1207 0.1307 9 1.0937 0.9143 9.3685 8.5660 0.1067 0.1167 10 1.1046 0.9053 10.4622 9.4713 0.0956 0.1056 11 1.1157 0.8963 11.5668 10.3676 0.0865 0.0965 12 1.1268 0.8874 12.6825 11.2551 0.0788 0.0888 13 1.1381 0.8787 13.8093 12.1337 0.0724 0.0824 14 1.1495 0.8700 14.9474 13.0037 0.0669 0.0769 15 1.1610 0.8613 16.0969 13.8651 0.0621 0.0721 16 1.1726 0.8528 17.2579 14.7179 0.0579 0.0679 17 1.1843 0.8444 18.4304 15.5623 0.0543 0.0643 18 1.1961 0.8360 19.6147 16.3983 0.0510 0.0610 19 1.2081 0.8277 20.8109 17.2260 0.0481 0.0581 20 1.2202 0.8195 22.0190 18.0456 0.0454 0.0554 21 1.2324 0.8114 23.2392 18.8570 0.0430 0.0530 22 1.2447 0.8034 24.4716 19.6604 0.0409 0.0509 23 1.2572 0.7954 25.7163 20.4558 0.0389 0.0489 24 1.2697 0.7876 26.9735 21.2434 0.0371 0.0471 25 1.2824 0.7798 28.2432 22.0232 0.0354 0.0454 30 1.3478 0.7419 34.7849 25.8077 0.0287 0.0387 36 1.4308 0.6989 43.0769 30.1075 0.0232 0.0332 40 1.4889 0.6717 48.8864 32.8347 0.0205 0.0305 48 1.6122 0.6203 61.2226 37.9740 0.0163 0.0263 60 1.8167 0.5504 81.6697 44.9550 0.0122 0.0222

Worth Factor Discrete Compounding;/=1% Single Payment Compound Amount Factor Present Compound Amount Uniform Series Sinking Factor Present Worth Factor Fund Factor To Find F To Find P To Find F To Find P Given P Given F Given A Given A Given F To Find A Capital Recovery Factor To Find A Given P N F/P P/F F/A P/A A/F A/P 1 1.0100 0.9901 1.0000 0.9901 1.0000 1.0100 2 1.0201 0.9803 2.0100 1.9704 0.4975 0.5075 3 1.0303 0.9706 3.0301 2.9410 0.3300 0.3400 4 1.0406 0.9610 4.0604 3.9020 0.2463 0.2563 5 1.0510 0.9515 5.1010 4.8534 0.1960 0.2060 6 1.0615 0.9420 6.1520 5.7955 0.1625 0.1725 7 1.0721 0.9327 7.2135 6.7282 0.1386 0.1486 8 1.0829 0.9235 8.2857 7.6517 0.1207 0.1307 9 1.0937 0.9143 9.3685 8.5660 0.1067 0.1167 10 1.1046 0.9053 10.4622 9.4713 0.0956 0.1056 11 1.1157 0.8963 11.5668 10.3676 0.0865 0.0965 12 1.1268 0.8874 12.6825 11.2551 0.0788 0.0888 13 1.1381 0.8787 13.8093 12.1337 0.0724 0.0824 14 1.1495 0.8700 14.9474 13.0037 0.0669 0.0769 15 1.1610 0.8613 16.0969 13.8651 0.0621 0.0721 16 1.1726 0.8528 17.2579 14.7179 0.0579 0.0679 17 1.1843 0.8444 18.4304 15.5623 0.0543 0.0643 18 1.1961 0.8360 19.6147 16.3983 0.0510 0.0610 19 1.2081 0.8277 20.8109 17.2260 0.0481 0.0581 20 1.2202 0.8195 22.0190 18.0456 0.0454 0.0554 21 1.2324 0.8114 23.2392 18.8570 0.0430 0.0530 22 1.2447 0.8034 24.4716 19.6604 0.0409 0.0509 23 1.2572 0.7954 25.7163 20.4558 0.0389 0.0489 24 1.2697 0.7876 26.9735 21.2434 0.0371 0.0471 25 1.2824 0.7798 28.2432 22.0232 0.0354 0.0454 30 1.3478 0.7419 34.7849 25.8077 0.0287 0.0387 36 1.4308 0.6989 43.0769 30.1075 0.0232 0.0332 40 1.4889 0.6717 48.8864 32.8347 0.0205 0.0305 48 1.6122 0.6203 61.2226 37.9740 0.0163 0.0263 60 1.8167 0.5504 81.6697 44.9550 0.0122 0.0222

ECON MICRO
ECON MICRO
5th Edition
ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance
Section: Chapter Questions
Problem 4.8P
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It costs $27,000 to retrofit the gasoline pumps at a certain filling station so the pumps can dispense E85 fuel​ (85% ethanol and​ 15% gasoline). If the station makes a profit of $0.08 per gallon from selling E85 and sells an average of 23,000 gallons of E85 per​ month, how many months will it take for the owner to recoup her ​$27,000 investment in the retrofitted​ pumps? The interest rate is 2​% per month. It will take ___ months to recoup the investment.

Worth Factor Discrete Compounding;/=1% Single Payment Compound Amount Factor Present Compound Amount Uniform Series Sinking Factor Present Worth Factor Fund Factor To Find F To Find P To Find F To Find P Given P Given F Given A Given A Given F To Find A Capital Recovery Factor To Find A Given P N F/P P/F F/A P/A A/F A/P 1 1.0100 0.9901 1.0000 0.9901 1.0000 1.0100 2 1.0201 0.9803 2.0100 1.9704 0.4975 0.5075 3 1.0303 0.9706 3.0301 2.9410 0.3300 0.3400 4 1.0406 0.9610 4.0604 3.9020 0.2463 0.2563 5 1.0510 0.9515 5.1010 4.8534 0.1960 0.2060 6 1.0615 0.9420 6.1520 5.7955 0.1625 0.1725 7 1.0721 0.9327 7.2135 6.7282 0.1386 0.1486 8 1.0829 0.9235 8.2857 7.6517 0.1207 0.1307 9 1.0937 0.9143 9.3685 8.5660 0.1067 0.1167 10 1.1046 0.9053 10.4622 9.4713 0.0956 0.1056 11 1.1157 0.8963 11.5668 10.3676 0.0865 0.0965 12 1.1268 0.8874 12.6825 11.2551 0.0788 0.0888 13 1.1381 0.8787 13.8093 12.1337 0.0724 0.0824 14 1.1495 0.8700 14.9474 13.0037 0.0669 0.0769 15 1.1610 0.8613 16.0969 13.8651 0.0621 0.0721 16 1.1726 0.8528 17.2579 14.7179 0.0579 0.0679 17 1.1843 0.8444 18.4304 15.5623 0.0543 0.0643 18 1.1961 0.8360 19.6147 16.3983 0.0510 0.0610 19 1.2081 0.8277 20.8109 17.2260 0.0481 0.0581 20 1.2202 0.8195 22.0190 18.0456 0.0454 0.0554 21 1.2324 0.8114 23.2392 18.8570 0.0430 0.0530 22 1.2447 0.8034 24.4716 19.6604 0.0409 0.0509 23 1.2572 0.7954 25.7163 20.4558 0.0389 0.0489 24 1.2697 0.7876 26.9735 21.2434 0.0371 0.0471 25 1.2824 0.7798 28.2432 22.0232 0.0354 0.0454 30 1.3478 0.7419 34.7849 25.8077 0.0287 0.0387 36 1.4308 0.6989 43.0769 30.1075 0.0232 0.0332 40 1.4889 0.6717 48.8864 32.8347 0.0205 0.0305 48 1.6122 0.6203 61.2226 37.9740 0.0163 0.0263 60 1.8167 0.5504 81.6697 44.9550 0.0122 0.0222
Transcribed Image Text:Worth Factor Discrete Compounding;/=1% Single Payment Compound Amount Factor Present Compound Amount Uniform Series Sinking Factor Present Worth Factor Fund Factor To Find F To Find P To Find F To Find P Given P Given F Given A Given A Given F To Find A Capital Recovery Factor To Find A Given P N F/P P/F F/A P/A A/F A/P 1 1.0100 0.9901 1.0000 0.9901 1.0000 1.0100 2 1.0201 0.9803 2.0100 1.9704 0.4975 0.5075 3 1.0303 0.9706 3.0301 2.9410 0.3300 0.3400 4 1.0406 0.9610 4.0604 3.9020 0.2463 0.2563 5 1.0510 0.9515 5.1010 4.8534 0.1960 0.2060 6 1.0615 0.9420 6.1520 5.7955 0.1625 0.1725 7 1.0721 0.9327 7.2135 6.7282 0.1386 0.1486 8 1.0829 0.9235 8.2857 7.6517 0.1207 0.1307 9 1.0937 0.9143 9.3685 8.5660 0.1067 0.1167 10 1.1046 0.9053 10.4622 9.4713 0.0956 0.1056 11 1.1157 0.8963 11.5668 10.3676 0.0865 0.0965 12 1.1268 0.8874 12.6825 11.2551 0.0788 0.0888 13 1.1381 0.8787 13.8093 12.1337 0.0724 0.0824 14 1.1495 0.8700 14.9474 13.0037 0.0669 0.0769 15 1.1610 0.8613 16.0969 13.8651 0.0621 0.0721 16 1.1726 0.8528 17.2579 14.7179 0.0579 0.0679 17 1.1843 0.8444 18.4304 15.5623 0.0543 0.0643 18 1.1961 0.8360 19.6147 16.3983 0.0510 0.0610 19 1.2081 0.8277 20.8109 17.2260 0.0481 0.0581 20 1.2202 0.8195 22.0190 18.0456 0.0454 0.0554 21 1.2324 0.8114 23.2392 18.8570 0.0430 0.0530 22 1.2447 0.8034 24.4716 19.6604 0.0409 0.0509 23 1.2572 0.7954 25.7163 20.4558 0.0389 0.0489 24 1.2697 0.7876 26.9735 21.2434 0.0371 0.0471 25 1.2824 0.7798 28.2432 22.0232 0.0354 0.0454 30 1.3478 0.7419 34.7849 25.8077 0.0287 0.0387 36 1.4308 0.6989 43.0769 30.1075 0.0232 0.0332 40 1.4889 0.6717 48.8864 32.8347 0.0205 0.0305 48 1.6122 0.6203 61.2226 37.9740 0.0163 0.0263 60 1.8167 0.5504 81.6697 44.9550 0.0122 0.0222
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