Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. an entrepreneur wants to open a buffet with 80.000

An entrepreneur wants to open a buffet with 80.000 TL in his hand. The buffet...

80.2K

Verified Solution

Question

Finance

An entrepreneur wants to open a buffet with 80.000 TL in his hand. The buffet provides a regular income of 10.000 TL per month during the period it is kept. The buffet can be transferred to 40.000 TL in any month. Meanwhile, the bank provides a monthly interest rate of 25%. How much should the maximum investment amount be so that the investment does not lose its financial attractiveness? (Round to the nearest integer.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Happy Times, Inc., wants to expand its party stores into the Southeast. In order to establish...

Physics
1.2K views

Two blocks A and B of masses m and 3m are held against a compressed...

Geometry
1.2K views

Perimeter Area c a rectangular solid P A B C P 4s P 2 1...

Basic Math
1.2K views

What equal payments in 3 years and 5 years would replace payments of 37 500...

Accounting
1.2K views

Indicate whether each of the following events would cause an inflow or an outflow of...

Accounting
1.2K views

Exercise 13-8 (Algo) Volume Trade-Off Decisions (L013-5, LO13-6) Barlow Company manufactures...

Accounting
1.2K views

Alina owns a rental house that she has rented to various tenants since September of...

Accounting
1.2K views

Franz's supervisor asked him to prepare Blue Corperation's year-end result for its gaming chairs under...

Accounting
1.2K views

Brief Exercise 13.10 Preparing Statement of Cash Flows (LO13-2) Maines, Inc, had a cash balance...

Accounting
1.2K views

Accounting
1.2K views

Use the following to answer questions 1-3: Durham Corporation has a Motor Division that produces...

Accounting
1.2K views

In combining an internal service fund into the government -wide statements, transactions with service units...