The Boyer Bank Wants to Add a New ATM Machine

question 57

Multiple Choice

The Boyer Bank wants to add a new ATM machine in a busy mall.It knows the new machine will cost $60,000 and another $30,000 is required to install it in the mall.It expects to save $0.27 per transaction and generate 100,000 transactions per year.Also,it expects the new machine to last 8 years.What is the expected rate of return or internal rate or return of this project?

• A)25%
• B)3.3%
• C)30%
• D)12%
• E)2.4%

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Definitions:

Dominant Bicultural

Pertains to individuals who have integrated aspects of two distinct cultures, with one being more predominant in influencing their behavior, values, and identity.

Socializes

The process by which individuals learn and adopt the norms, values, and behaviors appropriate to their society or social group.

Ethical Considerations

Ethical considerations involve the principles and values that guide decision making and behavior, reflecting what is considered right and wrong in a given situation.

Interpreter's Role

The function of facilitating communication between speakers of different languages, which involves not just literal translation but also cultural mediation.