Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have set a goal for your business to purchase three pieces of equipment. Find three pieces of equipment for sale online that will help

You have set a goal for your business to purchase three pieces of equipment. Find three pieces of equipment for sale online that will help your business work more efficiently or effectively. Include the URLs. Prioritize the three pieces of equipment that you have chosen in the order you think you need them and the urgency in which you need them. You plan to save money to purchase the equipment. Select between 5-10 years to save to purchase each piece of equipment. In order to have the money saved for your first priority piece of equipment sooner, choose the shortest number of years for the #1 piece of equipment and the longest number of years for the #3 piece of equipment. Choose an interest rate between 2-10% for each piece of equipment. Next, open a blank Excel spreadsheet and type in the purchase price of the equipment you have chosen. Use Excel PV function to calculate what you would need to invest today to buy equipment in the future. Include these items in your post Three URLs Completed Excel spreadsheet Summary paragraph: description of equipment, years and interest rate chosen, PV result

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Linear Algebra With Applications

Authors: W. Keith Nicholson

7th Edition

978-0070985100, 70985103

More Books

Students also viewed these Mathematics questions

Question

How to Construct a Relative Frequency Histogram

Answered: 1 week ago