Sami buys a used truck for $1,500. After using it for 3 years, he expects to sell it for $800. If i = 7.5% per year, the future worth in dollars is: Select one: O O O O a. $1,500 $700(P/F,7.5%,3) b. $ 700+ 10% of $700 c. $700 - $1,500 (F/P,7.5%,3) d. $1,500(F/P,7.5%,3) - 800
Sami buys a used truck for $1,500. After using it for 3 years, he expects to sell it for $800. If i = 7.5% per year, the future worth in dollars is: Select one: O O O O a. $1,500 $700(P/F,7.5%,3) b. $ 700+ 10% of $700 c. $700 - $1,500 (F/P,7.5%,3) d. $1,500(F/P,7.5%,3) - 800
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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![on
Sami buys a used truck for $1,500. After using it for 3 years, he expects to sell it for $800. If i =
7.5% per year, the future worth in dollars is:
Select one:
O
O
a. $1,500 – $700(P/F,7.5%,3)
b. $ 700 + 10% of $700
c. $700 - $1,500 (F/P,7.5%,3)
d. $1,500 (F/P,7.5%,3) - 800](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8eb54f99-07b7-4922-8aaf-93e58f78f829%2Ff6a33b00-4123-42e4-b82f-2fc7b9c687be%2F4khlorj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:on
Sami buys a used truck for $1,500. After using it for 3 years, he expects to sell it for $800. If i =
7.5% per year, the future worth in dollars is:
Select one:
O
O
a. $1,500 – $700(P/F,7.5%,3)
b. $ 700 + 10% of $700
c. $700 - $1,500 (F/P,7.5%,3)
d. $1,500 (F/P,7.5%,3) - 800
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