The amount you must deposit now in your savings account, paying 6% interest, in
ID: 2485585 • Letter: T
Question
The amount you must deposit now in your savings account, paying 6% interest, in order to accumulate $4,000 for your downpayment 5 years from now on a new car is Period.....................................PV of 1 1. ......................................... .94340 2.......................................... .89000 3.......................................... .83962 4.......................................... .79209 5.......................................... .74726 Question 27
options: $2,800 $2,989 $800 $2985
The internal rate of return is the interest rate that results in a
Question 32 options:
zero NPV
positive NPV
negative NPV
positive or negative NPV
zero NPV
positive NPV
negative NPV
positive or negative NPV
Explanation / Answer
$4,000*PV of 5 year .74726 =$2,989
32.zero NPV
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