RKE & Associates is considering the purchase of a building it currently leases for $30,000 per year .The owner of the building put it up for sale at a price of $180,000 but because the firm has been a good tenant ,the owner offered to sell it to RKE for a cash price os $160,000 now .If purchased now, how long will it be before the company recovers its investment at an interest rate of 12% per year ?Solve by using the NPER function.
RKE & Associates is considering the purchase of a building it currently leases for $30,000 per year .The owner of the building put it up for sale at a price of $180,000 but because the firm has been a good tenant ,the owner offered to sell it to RKE for a cash price os $160,000 now .If purchased now, how long will it be before the company recovers its investment at an interest rate of 12% per year ?Solve by using the NPER function.
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 10PB: Bouvier Restaurant is considering an investment in a grill that costs $140,000, and will produce...
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RKE & Associates is considering the purchase of a building it currently leases for $30,000 per year .The owner of the building put it up for sale at a price of $180,000 but because the firm has been a good tenant ,the owner offered to sell it to RKE for a cash price os $160,000 now .If purchased now, how long will it be before the company recovers its investment at an interest rate of 12% per year ?Solve by using the NPER function.
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