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FINIER VERSION BACK NEXT Question 17 Novak Corp. has an 8% required rate of return. It's considering a project that would provide annual cost savings
FINIER VERSION BACK NEXT Question 17 Novak Corp. has an 8% required rate of return. It's considering a project that would provide annual cost savings of $76000 for 5 years. The most that Johnson would be willing to spend on this project is Year Present Value of 1 at 8% 0.926 0.857 0.794 0.735 0.681 PV of an Annuity Lat 8% 0.926 1.783 2.577 3.312 3.993 $191383 5251712. $303468 551756. Question 18 If $30,000 is deposited in a savings account at the end of each year and the account pays interest of 5% compounded annually, what will be the balance of the account at the end of 10 years? $315,000 $377,337 $450,000 $48,867 LINK TO TEXT Question 19 If you are able to earn an 8% rate of return, what amount would you need to invest to have $30,000 one year from now? $27,778 $27,273 $27,747 $29,700 LINK TO TEXT Question 20 Which of the following discount rates will produce the smallest present value? O 8% O9% OOO 10% 4% LINK TO TEXT
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