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Mike Derr Company expects to earn 6% per year on an investment that will pay $606,000 six years from now. (PV of $1. FV of
Mike Derr Company expects to earn 6% per year on an investment that will pay $606,000 six years from now. (PV of $1. FV of $1. PVA of \$1, and FVA of \$1) Note: Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places. Compute the present value of this investment. Tom Thompson expects to invest $12,000 at 10% and, at the end of a certain period, recelve $66,719. How many years will it be before Thompson recelves the payment? (PV of \$1. FV of \$1. PVA of \$1, and FVA of \$1) Note: Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places. Dave Krug finances a new automobile by paying $5,800 cash and agreeing to make 20 monthly payments of $440 each, the first payment to be made one month after the purchase. The loan bears interest at an annual rate of 12%. What is the cost of the automobile? (PV of \$1, FV of \$1, PVA of \$1, and FVA of \$1) Note: Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places. Compute the amount that can be borrowed under each of the following circumstances: (PV of \$1, FV of \$1, PVA of \$1, and FVA of \$1) Note: Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places. 1. A promise to repay $91,000 three years from now at an interest rate of 7%. 2. An agreement to make three separate annual payments of $21,000, with the first payment'occurring 1 year from now. The annual interest rate is 2%
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