Environmental recovery company RexChem Partners plans to finance a site reclamation project that will require a 4-year cleanup period. If the company borrows $4.1 million now, how much will the company have to get at the end of each quarter in order to earn 15% per year, compounded weekly on its investment?

728,839.57883 per quarter.

Explanation:

1. Effective Annual Rate = 10%

Effective rate continuously compounded = eln(1+r) - 1

ln(1.1) = 0.09531018

Montly rate = 0.09531018/12 = 0.07942515

e0.07942515 -1 = 0.00797414

Hence, monthly continuous rate =

0.797414%

2. Effective Quarterly rate

= (1+(Rate per year/52))Number of weeks

=(1+Rate per quarter)4,

(1+(0.15/52))208=(1+r)4,

r = 16.1583394% per quarter

Now, using the PMT function in excel,

=PMT(16.1583394%,16,-4100000)

728,839.57883

per quarter

Therefore In order to earn 15% per year compounded weekly on its investment at the end of each quarter, the company will have to get $728,839.57883

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.