company wants to make a single deposit now so it will have enough money to purchase a beckhoe costing $60000 seven years from now A) if the account will earn interest of 12% per year, the amount that must be deposit can be calculated as? B)if the account will earn interest of 12% per year, the amount that must be deposited now is nearest to Option a)60,000 (F/P.12%7 b.$27,138 c 60,00 (P/F, 12%7 d.$29,256 e60,000 (F/A, 12%,7) f $28,326
company wants to make a single deposit now so it will have enough money to purchase a beckhoe costing $60000 seven years from now A) if the account will earn interest of 12% per year, the amount that must be deposit can be calculated as? B)if the account will earn interest of 12% per year, the amount that must be deposited now is nearest to Option a)60,000 (F/P.12%7 b.$27,138 c 60,00 (P/F, 12%7 d.$29,256 e60,000 (F/A, 12%,7) f $28,326
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
A company wants to make a single deposit now so it will have enough money to purchase a beckhoe costing $60000 seven years from now
A) if the account will earn interest of 12% per year, the amount that must be deposit can be calculated as?
B)if the account will earn interest of 12% per year, the amount that must be deposited now is nearest to
Option
a)60,000 (F/P.12%7
b.$27,138
c 60,00 (P/F, 12%7
d.$29,256
e60,000 (F/A, 12%,7)
f $28,326
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