Answer:
a(85) = -1033
Step-by-step explanation:
Explicit Arithmetic Sequence:
an = a1 + d(n-1)
d = -12 (by -37 + 25)
a(85) = -25 + -12(85-1)
a(85) = -1033
The semi-annual net cash flow the company must achieve in order for the purchase to be made is $2500.
<h3>How to calculate the cash flow?</h3>
Number of period = 6 × 2 = 12
Rate = 4% / 2 = 2%
Annual cash flow × PVIFA × (2% × 12) + $7500 × PVIF(2%,12) - $32348 = 0
Annual cash flow × 10.5753 = $32348 - $7500 × 0.7885
Annual cash flow × 10.5753 = $32348 - $5914
Annual cash flow × 10.5753 = $26434
Annual cash flow = 26434/10.5753
Annual cash flow = $2500
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Answer:
It is approximately ~6.70820393
Step-by-step explanation:
Answer:
Its D
Step-by-step explanation:
