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future worth

future worth

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Robust Ventures is planning to expand its production operation. It has identified three different technologies for meeting the goal. The initial investment and annual revenues with respect to each of the technologies are summarized in table below. Annual Revenue Initial Life Investment (years) (Php) (Php) Technology X 1,200,000 400,000 10 Technology Y 2,000,000 600,000 10 Technology Z 1,800,000 500,000 10 Assuming 20% interest rate, compounded annually, find the future worth of Technology Y. a. Php 25 million O b. Php l15 million O c. Php 35 million d. Php 20 million
Transcribed Image Text:Robust Ventures is planning to expand its production operation. It has identified three different technologies for meeting the goal. The initial investment and annual revenues with respect to each of the technologies are summarized in table below. Annual Revenue Initial Life Investment (years) (Php) (Php) Technology X 1,200,000 400,000 10 Technology Y 2,000,000 600,000 10 Technology Z 1,800,000 500,000 10 Assuming 20% interest rate, compounded annually, find the future worth of Technology Y. a. Php 25 million O b. Php l15 million O c. Php 35 million d. Php 20 million
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