The local community center has been notified that it is the beneficiary of an endowment. The community
Fantastic news! We've Found the answer you've been seeking!
Question:
- The local community center has been notified that it is the beneficiary of an endowment. The community center can accept cash today in the amount of $550,000 or receive $875,000 in 5 years. The community center expects to be able to invest the money at a 5% interest rate if it were to take the money now. Should it take the money now or wait? FV $875,000 Rate 5.0% Years 5 Denominator 1.276281563 PV Excel f(x) Select Wait Don't Wait Mobile Health needs to replace its mobile medical unit to continue providing diagnostic services and preventative medicine to city residents. The van costs $120,000, and a bank is will-ing to lend the nonprofit the money at a 6% interest rate for 5 years. Payments are due at the end of each month, and interest is compounded monthly. How much should you budget for the monthly payment? Exercise 6.4 Current Refresh $10,145,825 Expected Cost $11,160,407.50 FV $11,160,407.50 Rate 4.5% Years 4 Denominator 4.28 PMT $58,436,758.63 Excel f(x)
Posted Date: