Joe and Fred are buying the same model of car. The sticker price for the car is $25,000. The interest rate is the same for both consumers. Consumer A decided to take out a 48-month loan and Consumer B decided to take out a 60-month loan. Which person will pay less for the car

You are the manager of a large crude-oil refinery. as part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year. the replacement and downtime cost in the first year is $165 comma 000. this cost is expected to increase due to inflation at a rate of 7% per year for six years (i. e. until the eoy 7), at which time this particular heat exchanger will no longer be needed. if the company's cost of capital is 15% per year, how much could you afford to spend for a higher quality heat exchanger so that these annual replacement and downtime costs could be eliminated?