Homework Answers
Future value = $606,000
Table factor = 0.6274
Present value = $606,000 X 0.6274 = $380,204
| Future value | Table factory | Present value | ||
| $606,000 | + | 0.6274 | = | $380,204 |
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company is considering the purchase of equipment that would allow
the company to add a new product toits line. The equipment is
expected to cost $382,400 with a 12-year life and no salvage value.
It will be depreciated on a straight-line basis. The company
expects to sell 152,960 units of the equipment's product each year.
The expected annual income related to this equipment follows:
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