Sheridan Company is considering an investment that will return a lump sum of $490,000 5 years...
Sheridan Company is considering an investment that will return a lump sum of $490,000 5 years from now. What amount should Sheridan Company pay for this investment in order to earn a 3% return?
what is the:
| Amount to pay for this investment | rounded to 2 decimals |
Homework Answers
Present value=490,000*Present value of discounting factor(rate%,time period)
=490,000/1.03^5
=490,000*0.862608784
=$422678.30(Approx)
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Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
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Brief Exercise A-9 Messi Company is considering an investment that will return a lump sum of...
Brief Exercise A-9
Messi Company is considering an investment that will return a
lump sum of $940,000 6 years from now.
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
What amount should Messi Company pay for this investment to earn an
6% return? (Round answer to 2 decimal places, e.g.
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Messi Company should pay
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PRINTER VERSION NACK NEXT Question 6 Cullumber Company is considering an investment that will return a lump sum of $520,000 years from now. What amount should Cullumber Company pay for this investment in order to earn a 6% return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, e.g. 5,275.25.) Click here to view the factor table PRESENT VALUE OF L. Giochere to view the factor table PRESENT...
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Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
What amount should Messi Company pay for this investment to earn an
9% return? (Round answer to 2 decimal places, e.g.
25.25.)
Messi Company should pay
$
Click if you would like to
Show Work for this question:
Open Show Work
Brief Exercise A-9
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(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
What amount should Messi Company pay for this investment to earn an
6% return? (Round answer to 2 decimal places, e.g.
25.25.)
Messi Company should pay
$
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