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Current Attempt in Progress Carla Vista Company is considering investing in an annuity contract that will return $34,500 annually at the end of each year
Current Attempt in Progress Carla Vista Company is considering investing in an annuity contract that will return $34,500 annually at the end of each year for 18 years. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Carla Vista Company pay for this investment if it earns an 8% return? (Round answer to 2 decimal places, e.g. 25.25.) Carla Vista Company should pay $ e Textbook and Media Oriole Company is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1, $27,000; Year 2, $30,000; and Year 3, $40,000. Oriole requires a minimum rate of return of 12%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the maximum price Oriole should pay for this equipment? (Round answer to 2 decimal places, e.g. 25.25.) Maximum price $ e Textbook and Media
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