How much is it worth after 7 years using Double Declining Balance Method? FC = 3.2 M Salvage Value = 1.1 M Lifetime = 12 years
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How much is it worth after 7 years using Double Declining Balance Method?
FC = 3.2 M
Salvage Value = 1.1 M
Lifetime = 12 years
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- A truck is payable P49, 282 for 7 years at the rate of 5% compounded continuously Calculate the future worth? Solve without using Excel and explainIf P100 is placed in an account that requires a rate of return of 4%, compounded quarterly, what will it be worth in 5 years? a. P121.67 b. P525.51 c. P486.66 d. P122.02For how long would P1,000,000 have to be invested at 5% simple interest for it to double its value? (Note: Disregarding reinvestments and inflation). Answer in years
- The following present value factors are provided for use in this problem. Periods Present Valueof $1 at 11% Present Value of anAnnuity of $1 at 11% 1 0.9009 0.9009 2 0.8116 1.7125 3 0.7312 2.4437 4 0.6587 3.1024 Cliff Co. wants to purchase a machine for $62,000, but needs to earn a return of 11%. The expected year-end net cash flows are $24,000 in each of the first three years, and $28,000 in the fourth year. What is the machine's net present value? Multiple Choice $(3,351). $15,093. $77,093. $(43,556). $100,000.Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $70,000 after 14 years invested in an account with 3.6% interest compounded monthly. The amount to be invested now, or the present value needed, is $nothing. (Round to the nearest cent as needed.)suppose you inherited 100000 and invsted it at 7% per year what's the most you can withdraw if the end of the next 10 years and have a zero balance at year 10? how much cuold you withdraw if you made withdrawals at the beginning of the year
- Complete the table to find the amount P that must be invested at rate r to obtain a balance of A = $300,000 in t years. (Round your answers to the nearest cent.) r = 7%, compounded daily t 1 10 20 30 40 50 P $ $ $ $ $ $What principal deposited 3 years ago will grow to $24,939.86 in 5 years and 4 months from now if money grows at 2.64% compounded annually? i need pv and fv and N for thisHow much money must be invested in an account that pays 6% per year interest to be worth $20,000 at the end of 8 years if (forgetting leap years and making “convenient” assumptions):
- The future value of a cash flow occurring 36 months from today is $15000, and its present value is $12,000. The effective monthly rate which corresponds to these values is closest to: Group of answer choices A) 0.21% B) 7.72% C) 0.62% D) Need more information to answer the question E) 5.73%What is the present worth of cash flows that begin at ₱10,000 and increase at 8% per year when N is 4 years? The interest rate is 6%. Solutions manual only with formula, without using Microsoft Excel.What is the present value, using the present value formula. Achieve $225,500 at 8.65% compounded continuously for 8 years, 155 days.