Sebastopol Movie Theater will need $180,000 in 3 years to replace the seats. What deposit should be made today in an account that pays 0.8% compounded semiannually? (a) State the type. A. sinking fund B. present value C. ordinary annuity D. amortization E. present value of an annuity (b) Answer the question. (Round your answer to the nearest cent.)
Sebastopol Movie Theater will need $180,000 in 3 years to replace the seats. What deposit should be made today in an account that pays 0.8% compounded semiannually? (a) State the type. A. sinking fund B. present value C. ordinary annuity D. amortization E. present value of an annuity (b) Answer the question. (Round your answer to the nearest cent.)
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8EB: You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how...
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Sebastopol Movie Theater will need $180,000 in 3 years to replace the seats. What deposit should be made today in an account that pays 0.8% compounded semiannually?
(a) State the type.
(b) Answer the question. (Round your answer to the nearest cent.)
A. sinking fund B. present value C. ordinary annuity D. amortization E. present value of an annuity
(b) Answer the question. (Round your answer to the nearest cent.)
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