Question
Please help me answer this asap (Ignore income taxes in this problem.) Schaad Corporation has entered into an 9 year lease for a piece of
Please help me answer this asap
(Ignore income taxes in this problem.) Schaad Corporation has entered into an 9 year lease for a piece of equipment. The annual payment under the lease will be $3,700, with payments being made at the beginning of each year. If the discount rate is 11%, the present value of the lease payments is closest to: Click here to view Exhibit 13B-2 to determine the appropriate discount factor(s) using table. (Round discount factor(s) to 3 decimal places, and final answer to the nearest dollar amount.)
http://lectures.mhhe.com/connect/007802563x/exhibit_13b_2.jpg$33,300 $20,487 $25,633 $24,187
_________
(Ignore income taxes in this problem.) You have deposited $19,545 in a special account that has a guaranteed rate of return. If you withdraw $3,000 at the end of each year for 9 years, you will completely exhaust the balance in the account. The guaranteed rate of return is closest to: Click here to view Exhibit 13B-2 to determine the appropriate discount factor(s) using tables.
http://lectures.mhhe.com/connect/007802563x/exhibit_13b_2.jpg
7% 8% 6% 9%
I appreciate all your help!
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