Elijah Enterprises will need to upgrade the computer system in 4 years. They anticipate the upgrade to cost $105,300. If the discount rate is 13%, what will be the required yearly investment needed to obtain the money for the upgrade? Round your (1+R)^n value to 2 decimal places and use that number for your final amount required rounded to the nearest dollar. Future Value / (1+R)^n = Amount Required   /   =   What would be required if the discount rate was 8%? Future Value / (1+R)^n = Amount Required   /   =

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
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Elijah Enterprises will need to upgrade the computer system in 4 years. They anticipate the upgrade to cost $105,300. If the discount rate is 13%, what will be the required yearly investment needed to obtain the money for the upgrade?

Round your (1+R)^n value to 2 decimal places and use that number for your final amount required rounded to the nearest dollar.

Future Value / (1+R)^n = Amount Required
  /   =  


What would be required if the discount rate was 8%?

Future Value / (1+R)^n = Amount Required
  /   =  
 
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