Question
An investment will generate $12,000 a year for 20 years. If you can earn 9 percent on your funds and the investment costs $110,000, calculate
An investment will generate $12,000 a year for 20 years. If you can earn 9 percent on your funds and the investment costs $110,000, calculate the present value of investment. Use Appendix D to answer the question. Round your answer to the nearest dollar. $
Should you buy it? -Select-YesNoItem 2
Calculate the present value of investment, if you could earn only 7 percent. Use Appendix D to answer the question. Round your answer to the nearest dollar. $
Should you buy it in this case? -Select-Yes or No
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
