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Question 3 a. Your company will generate GH 55,000 in annual revenue each year for the next eight years from a new information database. The

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Question 3 a. Your company will generate GH 55,000 in annual revenue each year for the next eight years from a new information database. The computer system needed to set up the database costs GH 250,000. If you can borrow the money to buy the computer system at 7.5 percent annual interest, can you afford the new system? b. An investment offers GH 2,250 per year for 15 years, with the first payment occurring one year from now. If the required return is 10 percent, what is the value of the investment? What would the value be if the payments occurred for 40 years? For 75 years? Forever? c. You want to have GH 50,000 in your savings account five years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 9.5 percent interest, what amount must you deposit each year? d. First National Bank charges 7.5 percent compounded quarterly on its business loans. First United Bank charges 7.5 percent compounded semiannually. As a potential borrower, which bank would you go to for a new loan

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