Question
Elijah Enterprises will need to upgrade the computer system in 2 years. They anticipate the upgrade to cost $90,000. If the discount rate is 11%,
Elijah Enterprises will need to upgrade the computer system in 2 years. They anticipate the upgrade to cost $90,000. If the discount rate is 11%, what will be the required yearly investment needed to obtain the money for the upgrade? Round your (1+R)^n value to 2 decimal places and use that number for your final amount required rounded to the nearest dollar.
| Future Value | / | (1+R)^n | = | Amount Required |
|---|---|---|---|---|
| / | = |
What would be required if the discount rate was 7%?
| Future Value | / | (1+R)^n | = | Amount Required |
|---|---|---|---|---|
| / | = |
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Public Finance
Authors: H L Bhatia
30th Edition
9390080258, 978-9390080250
