A business worth $990,000 is expected to grow at 8% per year compounded annually for the next 5 years. Find: the expected future value. b. if funds from the sale of the business today is placed in an account yielding 4% compounded semiannually, what would be the minimum acceptable price for the business at this time?
A business worth $990,000 is expected to grow at 8% per year compounded annually for the next 5 years. Find: the expected future value. b. if funds from the sale of the business today is placed in an account yielding 4% compounded semiannually, what would be the minimum acceptable price for the business at this time?
Chapter13: Other Financing Alternatives
Section: Chapter Questions
Problem 1bM
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