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lorasvet [3.4K]
2 years ago
5

Suppose you are committed to owning a $203,000 Ferrari. If you believe your mutual fund can achieve an annual rate of return of

11 percent and you want to buy the car in 8 years on the day you turn 30, how much must you invest today
Business
1 answer:
liraira [26]2 years ago
7 0

Answer:

the present value is $88,087.08

Explanation:

The computation of the present value is shown below:

As we know that

Future value = Present value × (1 + rate of interest)^number of years

$203,000 = Present value × (1 + 0.11)^8

So, the present value is $88,087.08

hence, the present value is $88,087.08

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The firm will realize $1,640,000 on the sale net of the cost of hedging.

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Predetermined manufacturing overhead rate= $14.8 per machine hour

Explanation:

Giving the following information:

Factory 1

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8 0
2 years ago
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Answer:

Retailer

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5 0
3 years ago
g On June 30, the value of the account is 157.50. On December 31, the value of the account is X. Using the time weighted method,
irga5000 [103]

Answer:

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As per the time-weighted method

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3 years ago
Which of the following statements is NOT true regarding locationâ decisions?
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Answer: The correct answer is choice b.

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