not use of the excel Q)You plan to purchase a new TIG welder for your company. It will cost $2,800 now and will need $60 in repairs at the end of the 3rd year and $130 in repairs at the end of the 4th year. It will be sold for scrap metal for $115 at the end of the 5th year. With an 7.25% APR compounded monthly, what is the present worth of the welder? Answer should be rounded to the nearest cent (ie two decimal places)
not use of the excel Q)You plan to purchase a new TIG welder for your company. It will cost $2,800 now and will need $60 in repairs at the end of the 3rd year and $130 in repairs at the end of the 4th year. It will be sold for scrap metal for $115 at the end of the 5th year. With an 7.25% APR compounded monthly, what is the present worth of the welder? Answer should be rounded to the nearest cent (ie two decimal places)
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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Note:- not use of the excel
Q)You plan to purchase a new TIG welder for your company. It will cost $2,800 now and will need $60 in repairs at the end of the 3rd year and $130 in repairs at the end of the 4th year. It will be sold for scrap metal for $115 at the end of the 5th year. With an 7.25% APR compounded monthly, what is the present worth of the welder? Answer should be rounded to the nearest cent (ie two decimal places).
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