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An investment will generate $8,000 a year for 25 years. If you can earn 8 percent on your funds and the investment costs $100,000, calculate
An investment will generate $8,000 a year for 25 years. If you can earn 8 percent on your funds and the investment costs $100,000, 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- (Yes or No)
Calculate the present value of investment, if you could earn only 6 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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