Question

How much money could Honda Inc., a motor maker, afford to spend now on new project...

How much money could Honda Inc., a motor maker, afford to spend now on new project instead of spending $900,000 eight years from now, if the company’s rate of return is 15% compound interest per year?
                                                                                                              

$548,780

$294,210

$514,400

$1,665,800

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