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MrMuchimi
3 years ago
10

Calculate the present value of annual payments of $3,000 per year for ten years at 8%.

Business
2 answers:
White raven [17]3 years ago
7 0

Answer:

The correct answer is:  $1389,58.

Explanation:

The present value of money tells us how much a future sum of money is worth today given a certain rate of return. This is an important financial concept based in the principle that money received in the future is not worth as much as an equal sum received today. The present value of money formula is the following:

Present Value=  FV/(1+r)^n  

  • FV=Future Value
  • r=Rate of return
  • n=Number of periods

In the example,

  • Present value= ?  
  • FV= $3000
  • r= 8% = 0,08
  • n= 10

Then,

  • Present Value=  $3000/(1+0,08)^10  
  • Present Value=$1389,58

So, $1389,58 is the present value of payments of $3000 per ten years at 8%.

Download pdf
AlexFokin [52]3 years ago
6 0
Annual payments is $240
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A) production-oriented

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A firm is considering two different capital structures. The first option is an all-equity firm with 75,000 shares of stock. The
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$395833

Explanation:

Calculation to determine How much money is the firm considering borrowing if the interest rate is 8 percent

Amount to borrowed=(95000 / 75000) = [95000 – (X * 0.08)] / 50000

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Sunland Company uses a perpetual inventory system. Its beginning inventory consists of 83 units that cost $56 each. During June,
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<h3>What is meant by inventory system?</h3>
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<h3>What is inventory system with example?</h3>
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  • Example: Only the newspaper will be regarded as inventory if a newspaper vendor utilizes a vehicle to distribute newspapers to clients.
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<h3>What is inventory system and methods?</h3>
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<h3>What is the purpose of inventory?</h3>
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  • Your company should look for the sweet spot between too much and too little stock, without ever running out, in order to carry out this duty efficiently.

Learn more about  inventory system here:

brainly.com/question/25887081

#SPJ4

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