Happy Helpers Maid Service is calculating its standard direct labor rate. The direct labor rate is $12 per hour. Happy Helpers i
1 answer:
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Answer:
present value = $12811.98
present value = $11428.17
present value = $9964.92
Explanation:
given data
injury settlement = $14,000
time = 3 year
opportunity cost = 3%
opportunity cost = 7%
opportunity cost = 12%
solution
we will apply here Present value formula that is
present value = ..............................1
put here value of opportunity cost rate we get
present value =
present value = $12811.98
and
present value =
present value = $11428.17
and
present value =
present value = $9964.92