Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the owner of a small factory thinks that he will n

The owner of a small factory thinks that he will need $28,900 for new equipment...

80.2K

Verified Solution

Question

Accounting

The owner of a small factory thinks that he will need $28,900 for new equipment in 10 years. He decides that he will put aside the money now so that after 10 years the $ 82,500 will be available. His bank offers him 4% interest compounded semiannually. What is the present value of the $ 82,500?

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

Basic Math
1.2K views

Bippy Corporation has 400 in debt and 600 worth of equity First calculuate the capital...

Chemistry
1.2K views

from an analysis of IR spectrum of dimedone , is it possible to determine the keto/enol...

Physics
1.2K views

From Chapter 2 (Motion Along A Straight Line) select and explain in your own words two...

Biology
1.2K views

During the Great Depression what was the major cause of people losing their homes Fires...

Biology
1.2K views

Drugs known as uncouplers facilitate diffusion of protons across the inner mitochondrial membrane in other...

Physics
1.2K views

7 What is the frequency of a light wave with a wavelength of 10000 m...

Calculus
1.2K views

Find all critical numbers of the following function Answer Formats If the function does not...

Accounting
1.2K views

fead the following article excerpt about Peru and...

Accounting
1.2K views

34. On October 20 of the current year, a company with a December 31 year-end...

Accounting
1.2K views

Jallouk Corporation has two different bonds currently outstanding. Bond M has a face value of...

Accounting
1.2K views

16 tires @$65 each 10 tires @ $ 78 each 12 tires @ $ 88...

Accounting
1.2K views

Paradise Gifts has budgeted sales for the quarter as follows: January 11,000 units February 13,000...