A company receives 13.78% per year from accounts. They are considering a project that will force them to wait 9 years, before then can consistently deposit profits of $95,497 every year for 15 years. How much is this project worth to them now?

A company receives 13.78% per year from accounts. They are considering a project that will force them to wait 9 years, before then can consistently deposit profits of $95,497 every year for 15 years. How much is this project worth to them now?

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter27: Time Value Of Money (compound)

Section: Chapter Questions

Problem 4E

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