Question
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
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.
Please show all work
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
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