I need the answer soon please The cost of grocery will increase $12% per year starting 3years from now and will continue until year 10. The cost ofgrocery in years 1 and 2 is $1500 per year. Determine thepresent worth of the cost through year 10 at a rate of 12%per year?$11653.25$11463.56$12802.564$12101.98

Present worth is calculated by discounting the future cash flows using the discount rate. Present…

The cost of grocery will increase $12% per year starting 3 from now and will continue until year 10. The cost of years grocery in years 1 and 2 is $1500 per year. Determine the present worth of the cost through year 10 at a rate of 12% per year? $11653.25 2 $11463.56 3 $12802.56 4 $12101.98

The cost of grocery will increase $12% per year starting 3 from now and will continue until year 10. The cost of years grocery in years 1 and 2 is $1500 per year. Determine the present worth of the cost through year 10 at a rate of 12% per year? $11653.25 2 $11463.56 3 $12802.56 4 $12101.98

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter12: Activity-based Management

Section: Chapter Questions

Problem 19E: A company is spending 70,000 per year for inspecting, 60,000 per year for purchasing, and 56,000 per...

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Question

I need the answer soon please

The cost of grocery will increase $12% per year starting 3
years from now and will continue until year 10. The cost of
grocery in years 1 and 2 is $1500 per year. Determine the
present worth of the cost through year 10 at a rate of 12%
per year?
$11653.25
$11463.56
$12802.56
4
$12101.98

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