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Price Waterhouse Coopers provided consulting services to a client. The client contracted to pay Price Waterhouse Coopers $100000 for the consulting after 4 years. Assuming
Price Waterhouse Coopers provided consulting services to a client. The client contracted to pay Price Waterhouse Coopers $100000 for the consulting after 4 years. Assuming an interest rate of 6%, what did Price Waterhouse Coopers actually earn for the consulting services (as opposed to interest)? (Round your answer to the nearest dollar) Asafu plans on retiring in 15 years. To fund his retirement account, Asafu will deposit $3700 every year into an account that earns 6% annually. How much will be available to Asafu at the end of 15 years? (Round your answer to the nearest dollar) Mako signs an agreement to buy a boat that requires payment (principal and interest) of $4612 at the end of each year for 3 years. The boat dealer used 10% as the interest rate to determine the payments. What should Mako consider to be the purchase price of the boat? (Round your answer to the nearest dollar)
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