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hi I need help answering the following questions Saved Help Save & Ex Submit DON Corp. is contemplating the purchase of a machine that will
hi I need help answering the following questions
Saved Help Save & Ex Submit DON Corp. is contemplating the purchase of a machine that will produce cash savings of $33,000 per year for five years. At the end of five years, the machine can be sold to realize cash flows of $6,300. Interest is 12% Assume the cash flows occur at the end of each year (EV of $1. PV or $1. EVA OC SI. PVA of $1. EVAD of $1 and PVAD of S1) (Use appropriate factor(s) from the tables provided) Required: Calculate the total present value of the cash savings. (Do not round Intermediate calculations. Round your final answer to nearest whole dollar) Micro Brewery borrows $390,000 to be repaid in equal installments over a period of six years. The loan payments are semiannual with the first payment due in six months, and interest is at 6%. What is the amount of each payment? Multiple Choice $38.039. $39.180 $32,500. $33.475 Carol wants to invest money in a 6% CD account that compounds semiannually. Carol would like the account to have a balance of $140,000 3-years from now. How much must Carol deposit to accomplish her goal? Multiple Choice $115,197 $120,053 $117,247 $130,852 Step by Step Solution
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