Question
You want to replace a machine in 10 years and you estimate the cost will be $80,000. If you can earn an 8% APR on
You want to replace a machine in 10 years and you estimate the cost will be $80,000. If you can earn an 8% APR on your investments, how much money should you deposit end of each quarter to cover the cost of the machine? Answer is $1,324
I was given the answer by the professor I just need to know what formulas to use on Excel to get this answer.
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Uniform Administrative Requirements Cost Principles And Audit Requirements For Federal Awards A Handbook For Institutions Of Higher Education And State And Local Governments
Authors: Andrew Shepard-Smith
1st Edition
1505298482, 978-1505298482
