1. Anselm Corporation is considering investing in a machine that will reduce the cost...
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Finance
1.
Anselm Corporation is considering investing in a machine that will reduce the cost of making a product from its current $80,000 per year to $72,000 per year. The project will last 9 years. The appropriate discount rate is 6 percent. What is the most the company would be willing to pay for the machine?
2.
Charlemagne Inc. is offering bonds that pay $12 per year indefinitely. If you require a 6 percent return on these bonds, what is the value of each bond?
3.
Eleanor Aquitaine offered you an investment opportunity with the guarantee that your investment will quadruple in 5 years. Assuming annual compounding, what annual rate of return would this investment provide?
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