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1. Outpatient Center, you want to buy a sonogram machine in 2 years. The clinic already has $50,000 saved, but the machine will cost $68,500.
1. Outpatient Center, you want to buy a sonogram machine in 2 years. The clinic already has $50,000 saved, but the machine will cost $68,500. If your local bank would pay 9% interest. How much do you have to invest today to buy the machine in two years? Do you have enough money to invest today?
2. What is the future value (FV) of $5000 invested at 8% for weekly?
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