Question
QUESTION 30 The following present value factors are provided for use in this problem. Periods Present Value of $1 at 8% Present Value of an
QUESTION 30
The following present value factors are provided for use in this problem.
| Periods | Present Value of $1 at 8% | Present Value of an Annuity of $1 at 8% | ||||
| 1 | 0.9259 | 0.9259 | ||||
| 2 | 0.8573 | 1.7833 | ||||
| 3 | 0.7938 | 2.5771 | ||||
| 4 | 0.7350 | 3.3121 | ||||
Cliff Co. wants to purchase a machine for $68,000, but needs to earn a return of 8%. The expected year-end net cash flows are $27,000 in each of the first three years, and $31,000 in the fourth year. What is the machine's net present value?
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AML Auditing Understanding Fraud And Embezzlement What Every AML KYC Auditor Should Know
Authors: Bob Walsh
1st Edition
1539591794, 978-1539591795
