Your company will generate $62,000 in annual revenue each year for the next seven years...

70.2K

Verified Solution

Question

Accounting

Your company will generate $62,000 in annual revenue each year for the next seven years from a new information database. If the appropriate discount rate is 7.75 percent, what is the present value? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
Present value
image

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