Question
Sales revenue (5*$15,000) $75,000 Annual saving on bus charter fees= (30,000-5,000)= $25,000 X Annuity factor at 12% for 5 years= 3.605 Present value of savings=
Sales revenue (5*$15,000) $75,000
Annual saving on bus charter fees= (30,000-5,000)= $25,000
X Annuity factor at 12% for 5 years= 3.605
Present value of savings= $90,125
How was the final present value obtained on excel?
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Financial And Managerial Accounting
Authors: Carl S. Warren, Jefferson P. Jones, William Tayler
16th Edition
0357714040, 9780357714041
