ZuoTi.Pro
Question

Financial Management for Food Services Assigmi Semester 1 2018-2019 Due in Week 13 GROUP I 1. A wealthy woman just died and left he r pet cats the following estate: $50,000 per year for the next 15 years with the first cash flow today. At a discount rate of 3.2 feline estate worth in todays dollars? %, what is the
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Ans:

Present Value=Payments*(1+r)n

=$50,000*(1.032)15=$50,000*11.767=$588,350

The Feline Estate worth in Today's Dollars=$588,350

0 0
Add a comment
Know the answer?
Add Answer to:
Financial Management for Food Services Assigmi Semester 1 2018-2019 Due in Week 13 GROUP I 1....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • I have the answers for 1 through 3, but I am stomped on answers for 4...

    I have the answers for 1 through 3, but I am stomped on answers for 4 to 6. Information from McCormick Your task is to make an estimate of McCormick & Company's Weighted Average Cost of Capital (WACC) to use as the discount rate for evaluating capital projects. Interest rates have risen and the CFO plans to borrow $350 million using the 20 year bond that you recommended in Project 4. For most of the past 10 years the company...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT