A healthcare facility has the “Discharged not Final Billed” accounts as summarized below:Determine the value of interest lost assuming an interest rate of 4% for the accounts that have been 4 and 7 days DNFB only.
2) Should the healthcare facility lease or buy?
A new server is needed in the health information management department. The purchase price of the new server is $6,000 and an annual maintenance cost of $500. The lease option is $1,975 per year. The useful life is 6 years. With an interest rate of 6%, calculate the lease versus buy scenarios. PV tables or equation can be used (see last page). Please show your calculation.
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