Jenkins Security Has Learned That a Rival Has Offered to Supply

question 30

Multiple Choice

Jenkins Security has learned that a rival has offered to supply a parking garage with security for ten years for $50,000 up front and a further $20,000 per year.If Jenkins Security offers to provide security for eight years for an upfront cost of $70,000 and a separate yearly payment,what is the maximum that this yearly payment can be so that Jenkins' offer matches the equivalent annual annuity of their rival's offer? (Assume a cost of capital of 6%.)

• A)$13,095
• B)$13,458
• C)$13,995
• D)$15,521
• E)$16,112

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Definitions:

Mental Illness

A wide range of mental health conditions that affect mood, thinking, and behavior.

Psychiatry

A branch of medicine focused on the diagnosis, treatment, and prevention of mental, emotional, and behavioral disorders.

Alphanumeric Coding System

A code that contains both letters and digits, used for classification, identification, and sorting purposes.

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A health profession responsible for converting diagnoses, procedures, medical services, and equipment into universal medical alphanumeric codes.