The manufacturing company sold a piece of equipment 4 years ago so there was room for more machinery to come in. The company received the sales price of $50,000 at the time of sale.

Now, considering the proceeds were invested at an interest rate of 6% per year compounded annually, what is the the value of the sales proceeds and the interest they have earned today? Use table values and calculate.

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The manufacturing company sells a piece of equipment to make room for more machinery to come in. The company will receive the sales price of $50,000 at the end of the four years.

Now, considering an interest at a rate of 6% per year compounded annually, how much is the present value of this future cash flow. Use table values and calculate.

Please show all work