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How many years must Wayne wait to receive $75,000? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer
How many years must Wayne wait to receive $75,000? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal places, e.g. 25.)
Wayne Kurt has been offered the opportunity of investing $29,319 now. The investment will earn 11% per year and at the end of that time will return Wayne $75,00 TABLE 3 Present Value of 1 (n) Periods 49% 5% 69 7% 8% 9% 10% 11% 12% 15% 96154 95238 94340 93458 92593 91743 90909 90090 89286 86957 92456 90703 89000 87344 85734 84168 82645 81162 79719 75614 88900 86384 83962 81630 79383 77218 75132 73119 .71178 65752 85480 82270 79209 76290 73503 70843 68301 65873 63552 57175 78353 82193 74726 71299 68058 64993 62092 59345 56743 .497 18 79031 74622 70496 66634 63017 59627 56447 53464 50663 43233 75992 71068 66506 62275 58349 54703 51316 48166 45235 37594 73069 67684 62741 58201 54027 50187 46651 .43393 40388 32690 70259 64461 59190 54393 50025 46043 42410 39092 36061 28426 10 67556 6139 55839 50835 46319 42241 38554 35218 32197 24719 11 64958 58468 52679 47509 42888 38753 35049 31728 28748 21494 12 62460 55684 49697 44401 39711 35554 31863 28584 25668 18691 .60057 53032 46884 41496 36770 32618 28966 25751 22917 13 16253 57748 14 50507 44230 38782 34046 29925 26333 .23199 20462 14133 15 55526 48102 41727 36245 31524 27454 23939 20900 18270 12289 16 53391 45811 39365 33873 29189 25187 21763 18829 16312 10687 17 51337 37136 31657 27027 23107 19785 16963 14564 09293 43630 18 49363 41552 35034 29586 25025 21199 17986 15282 13004 08081 47464 39573 33051 27615 23171 16351 13768 11611 07027 19 19449 20 45639 37689 31180 25842 .21455 17843 14864 12403 10367 06110Step by Step Solution
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