Derek has the opportunity to buy a money machine today. The money machine will pay Derek...
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Derek has the opportunity to buy a money machine today. The money machine will pay Derek $12,525.00 exactly 7.00 years from today. Assuming that Derek believes the appropriate discount rate is 8.00%, how much is he willing to pay for this money machine? Submit Answer format: Currency: Round to: 2 decimal places. Suppose you deposit $2,337.00 into an account today that earns 12.00%. In 24.00 years the account will be worth Submit Answer format: Currency: Round to: 2 decimal places. Suppose you deposit $2,194.00 into an account today. In 11.00 years the account is worth $3,727.00. The account earned % per year. Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) Suppose you deposit $1,921.00 into an account today that earns 15.00%. It will take worth $2,651.00. Submit Answer format: Number: Round to: 2 decimal places. years for the account to be Derek has the opportunity to buy a money machine today. The money machine will pay Derek $12,525.00 exactly 7.00 years from today. Assuming that Derek believes the appropriate discount rate is 8.00%, how much is he willing to pay for this money machine? Submit Answer format: Currency: Round to: 2 decimal places. Suppose you deposit $2,337.00 into an account today that earns 12.00%. In 24.00 years the account will be worth Submit Answer format: Currency: Round to: 2 decimal places. Suppose you deposit $2,194.00 into an account today. In 11.00 years the account is worth $3,727.00. The account earned % per year. Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) Suppose you deposit $1,921.00 into an account today that earns 15.00%. It will take worth $2,651.00. Submit Answer format: Number: Round to: 2 decimal places. years for the account to be
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1 We need to calculate present value of machine today with below formula Present value Future ... View the full answer
Related Book For
Quantitative Methods for Business
ISBN: 978-0324651751
11th Edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey cam
Posted Date:
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