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On January 1, a company agrees to pay $29,000 in six years. If the annual interest rate is 8%, determine how much cash the company
On January 1, a company agrees to pay $29,000 in six years. If the annual interest rate is 8%, determine how much cash the company can borrow with this agreement. (PV of $1, FV of $1, PVA of $1, and FVA of $ 1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Future Value Table Factor Amount Borrowed Beene Distributing is considering a project that will return $190,000 annually at the end of each year for the next eight years. If Beene demands an annual return of 8% and pays for the project immediately, how much is it willing to pay for the project? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "PV of an Ordinary Annuity" to 4 decimal places and final answer to the nearest whole dollar.) Periodic Cash Flow p (PV of an Ordinary Annuity) Present Value Dave Krug finances a new automobile by paying $6,300 cash and agreeing to make 40 monthly payments of $530 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) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Monthly Payment Table Factor Present Value of Loan Table Values are Based on: n 1 Present Value of Loan Cash Down Payment Cost of the Automobile =
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