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O Question 9 > > 10 pts 5 Elijah Enterprises will need to upgrade the computer system in 7 years. They anticipate the upgrade
O Question 9 > > 10 pts 5 Elijah Enterprises will need to upgrade the computer system in 7 years. They anticipate the upgrade to cost $102,200. 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 102200 / 2.08 = 212576 What would be required if the discount rate was 7%? Future Value / (1+R)^n = Amount Required
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