Question
A business worth $180,000 is expected to grow 12% per year for the next 4 years. Find the following: (a) the expected future value (b)
A business worth $180,000 is expected to grow 12% per year for the next 4 years. Find the following:
(a) the expected future value
(b) If funds from the sale of the business today would be placed in an account yielding 8% compounded semiannually, what would the minimum acceptable price for the business at this time?
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Cost Accounting For Managerial Planning Decision Making And Control
Authors: Andrew Schiff, Hsihui Chang, Woody M Liao, James L Boockholdt
5th Edition
0759340412, 978-0759340411
