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Gnom [1K]
3 years ago
12

What is the present value of $1,400 a year at a discount rate of 8 percent if the first payment is received 7 years from now and

you receive a total of 23 annual payments
Business
1 answer:
ioda3 years ago
8 0

Answer:

P V = 1669,5

Explanation:

After seven years, future payment will be 9800$ and from there on we will have 23 annual payments more:

P V = 9800/(1+0.08)^23 = 9800/5,87 = 1669,5

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An important first step in adapting a product to a foreign market is to determine the Group of answer choices personal ethics of
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degree of newness of the product as perceived by the intended market.

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3 years ago
Which is a feature of a perfectly competitive market?
levacccp [35]

Answer: products are standardized or homogeneous

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8 0
3 years ago
alderwood estimates bad debt expense assuming that 1.5% of credit sales have historically been uncollectible. what is the balanc
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<h3>What is bad debt?</h3>

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To learn more about bad debt, visit:

brainly.com/question/28138659

#SPJ4

7 0
1 year ago
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