person bought laptop for $ 10k . Seven years from now the salvage value is $ 500 . Other costs associated with this laptop includes 3 % of the original price as annual insurance cost , Maintenance cost about $ 50 / year Electricity cost about $ 20 / year What is the present worth of the laptop if it is expected to save this person $ 100 per year ? that the effective annual interest rate is 10 % ...

Q: You want to bought a car for $8,000. You have monthly wage is $1,800 of which $600 will be saved for…

A: The term "annuity" refers to a contract created and offered by financial institutions with the goal…

Q: How much interest (to the nearest dollar) would be saved on the following loan if the home were…

A: monthly payment (PMT ) formula: pmt=p×rm1-1+rm-n×m where, p = principal amount r=rate of interest m…

Q: You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million…

A: Time value of money :— It means that value of money in present days has more as compared from same…

Q: a. What was your monthly payment? b. What was the outstanding loan balance on the loan when you sell…

A: A mortgage loan is a type of loan specifically used to purchase real estate, typically homes and…

Q: A small business has determined that the machinery they currently use will wear out in 18 years. To…

A: The life of the machine is 18 years.The rate of interest is 1.5% per quarter.the cost of the…

Q: A farm must decide whether or not to purchase anew tractor.The tractor will reduc costs by $2,000 in…

A: Net Present value: Net present value method is the method which is used to compare the initial cash…

Q: David needs R30835,42 to buy a second hand trailer. How long will it take him to save towards this…

A: In this we need to calculate number of weeks required to achieve that.

Q: Max the mouse decides that he needs a new place to put his giant cheese refrigerator. So, Max…

A: GIVEN, pv = $300,000 A= $25,000 r=4%

Q: Your company wants to purchase a photostat machine which costs RM15,000. It will be obsolete in 5…

A: A company considering the purchase of an asset, whose ownership is just incidental to using the…

Q: When purchasing a $210000 house, a borrower is comparing two loan alternative. The first loan is a…

A: The problem case focuses on comparing the two loan alternatives to buy the home and calculating the…

Q: as two choices: -

A: An investment wants the best returns for its amount invested through various modes like bank…

Q: .43% nominal yearly, compounded weekly, how much does this generator cost fam to purchase when…

A: Discount rate:It is the rate used to evaluate the amount of money that will be invested in the…

Q: You are thinking about buying a house, and you have one in mind that costs $600,000. The bank is…

A: Part a: The most you can borrow.To find out the most you can borrow, you first need to calculate the…

Q: You are considering investing in a rental property. Market rent for similar properties is 1, 500 a…

A: TVM is the concept that considers money's interest-earning capacity, which makes money earned…

Q: UESTION NO. 3 hat is the present välue of cash inflow from purchasing the tractor? ur answer UESTION…

A: In this we have to calculate Present value using formula and than calculate the net present value.

Q: Renting a machine will need monthly payments of $6,000 for the next 5 years (i.e., at t = 1, 2, …,…

A: Note : As per the guidelines only first question will be answered.

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.