Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. no explanation needed just final answer 24. a

no explanation needed just final answer 24. A painting was...

70.2K

Verified Solution

Question

Finance

no explanation needed just final answer
image
24. A painting was purchased for $1 million in 2010. What would its nominal price be in 2020 if the CPI was 116.5 in 2010 and 137 in 2020 ? a) $1,175,965.67 b) $1,088,365,44 c) $850,364,96 d) $470,515,532.88 25. A hydraulic lift is purchased for a warehouse for $60,000. This lift is expected to generate $7000 in annual income for its useful life of 12 years. No Salvage value is expected. O\&M costs are estimated to be $1000 annually. The rate of retum for this investment is close to what number? a) 5.3% b) 2.9% c) $6,000 d) $60,082 26. Heather invests $12000 in year 0 and withdraws $23000 in year 6 . What interest rate did she earn? a) 4.7% b) 9.7% c) 11.5% d) 6% 27. A project requires a $40,000 initial investment and will earn annual revenue of $9000 for 6 years. The interest rate is 7.3%. What is the present worth of the project? a) $42,504.42 b) $2,504,42 c) $13,735.39 t) $54,000.00

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

John and Sandy Ferguson got married eight years ago and have aseven-year-old daughter, Samantha....

Accounting
Q

Weight Loss surgery is becoming more and more popular as a treatment method for dangerously obese...

Medical Sciences
Q

A 4.0-cm-diameter parallel-plate capacitor with a 1.0 mm spacing is charged to 1000 V. A switch...

Physics
Q

As observed on earth, a certain type of bacteria is known to double in number every...

Physics
Q

Three identical capacitors are connected in series across a potential source (battery). If a charge...

Physics
Q

A Carnot cycle is a cycle of special interest because a When it is carefully...

Physics
Q

Find the standard deviation rounded to the nearest unit for the data indicated clients Date...

Basic Math
Q

4 Find the slope and the y intercept of the line given by equation y...

Algebra
Q

help pleass using a multi-step income statement. Question 2 1 pts Which of the...

Accounting
Q

The following events took place at a manufacturing company for the current year: (1) Purchased...

Accounting
Q

1) Bright Star Preschool operates a not-for-profit morning preschool. Each family pays a non- refundable...

Accounting
Q

1) "Define a Contribution Margin Approach Income Statement". (2) "Describe what is meant...

Accounting