Robin Williams has just purchased some equipment for his business. For this equipment he must pay the following amounts at the end of each of the next 5 yrs: $10,900, $7,790, $9,760, $12,190, & $11,070 If the appropriate discount rate is 7.265%, what is the cost in todays dollars of the equipment Mr. Williams purchased today?
Robin Williams has just purchased some equipment for his business. For this equipment he must pay the following amounts at the end of each of the next 5 yrs: $10,900, $7,790, $9,760, $12,190, & $11,070 If the appropriate discount rate is 7.265%, what is the cost in todays dollars of the equipment Mr. Williams purchased today?
Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion
Section: Chapter Questions
Problem 50P
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Question
Robin Williams has just purchased some equipment for his business. For this equipment he must pay the following amounts at the end of each of the next 5 yrs:
$10,900, $7,790, $9,760, $12,190, & $11,070
If the appropriate discount rate is 7.265%, what is the cost in todays dollars of the equipment Mr. Williams purchased today?
(Do not round factos values. Round final answer 2 decimal places)
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT