Answer: $7,716.76
Explanation:
Ian's friend will have to pay a specific annual payment per year so this is an annuity.
The $25,000 is the present value of the payments.
25,000 = Annuity * Present Value interest factor of Annuity, 9%, 4 years
25,000 = Annuity * 3.2397
Annuity = 25,000/3.2397
= $7,716.76
Safe place to put money. Your money if stolen is insured by the FDIC.
Which three factors make starting a business a highly risky investment? My answer would be points B, C and E.
Answer:
Determining when the cumulative total of net cash flows reaches zero.
Explanation: