Write each number in scientific notation. 0.00916 {blank} x10 {blank}
1 answer:
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Answer:
$34,816.60
Step-by-step explanation:
The computation of the maximum amount of cash should willing to pay for the copy machine by using the present value is shown below:
Present value is
where,
Incremental cash flows is $14,000 per year
Discount rate is 10%
And, the number of years is three years
PVIFA factor for 10% at 3 years is 2.4869
Refer to the PVIFA factor table
Now placing these values to the above formula
So, the present value is
= $34,816.60