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stuck on these last 2 ! Fraser Company will need a new warehouse in three years. The warehouse will cost $350,000 to buidd Click hiere
stuck on these last 2 !
Fraser Company will need a new warehouse in three years. The warehouse will cost $350,000 to buidd Click hiere to view Exhibit 148-1 and Exhibit 14B-2 to determine the appropetate discount factoris) using tables. Required: What lump-sum amount should the company invest now to have the $350,000 available at the end of the three-year period? Assume that the company can invest money at (Round your final onswer to the neorest whole dollar amount) The Caldweit Herald newspaper reported the followng story. Frank Ormsby of Coldwell is the state's newest mittionaire. Ely ehoosing the six winning numbers on last week's state lottery. Mr. Ormisty won the week's grand prize totaling Sto6 millont The State Lottery Commission indicated that Mr. Ormbby wel recelve his prize in 20 annual instalments or $53.000 each Click here to view Exhibit 148-1 and Exhibe 1482, to determine the approprate discount factor(s) oning tables Required: 1 If Mc. Ormbby can iwest money at a 10ni rate of return. What is the present value of he winnings? (Enter your ancwer in doling and : not in millions of dollers.) Step by Step Solution
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