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Harman [31]
2 years ago
12

Derek's friend, Jackson, is asking to borrow today with a promise to repay $7,418.87 in four years. If Derek could earn 5.45 per

cent annually on the any investment he makes today, how much would he be willing to lend Jackson today
Business
1 answer:
Aneli [31]2 years ago
7 0

The amount Jackson would be willing to lend is $6,000.

<h3>How much would Jackson be willing to lend?</h3>

In order to determine the  amount Jackson would be willing to lend, the present value of the amount Dereck would repay in 4 years. Present value is the sum of discounted cash flows.

Present value = $7,418.87 / (1.0545^4) = $6,000

To learn more about present value, please check: brainly.com/question/26537392

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Mika has borrowed $5,000 from her cousin Jun and not repaid it. Now, Mika is selling her house to Jun’s nephew, Cheong. As Mika
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3 years ago
Which type of menu would a food service establishment that serves seasonal items most likely to have?
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4 0
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Read 2 more answers
A negative cash flow to owners indicates that a firm has ________. Question 3 options: borrowed more money. sold additional shar
Alex17521 [72]

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A negative cashflow is meant to indicate that cash has left the company. If this is in relation to the owners then it either means that the company has repurchased shares or paid out dividends.

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5 0
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Suppose your expenses for this term are as follows: tuition: $10,000, room and board: $6,000, books and other educational suppli
Triss [41]
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