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Reptile [31]
3 years ago
7

Cromwell enterprises is acquiring athens, inc. for $899,000. athens has agreed to accept annual payments of $210,000 at an inter

est rate of 8.5 percent. how many years will it take cromwell enterprises to pay for this purchase
Business
1 answer:
Mumz [18]3 years ago
6 0
5.55 years

I/Y: 8.5
PV: 899000
PMT: -210000
FV:0
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$440 millions

Explanation:

The computation of the net cash inflows (outflows) from operating activities is shown below:

Cash flow from Operating activities  

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Why is being a well-informed consumer important?
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you are able to make better informed decisions

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by being well informed on a product you are able to make decisions and see potential problems ahead of the actual problem

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3 years ago
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3 0
3 years ago
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kherson [118]

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3 years ago
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