Mike Derr Company expects to earn 8 per year on an investment that w.docx - Mike Derr Company expects to earn 8 per year on an investment that will pay

# Mike Derr Company expects to earn 8 per year on an investment that w.docx

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Mike Derr Company expects to earn 8% per year on an investment that will pay \$606,000 six years from now. (PV of \$1, EV of \$1, PVA of \$1, and FVA of \$1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Compute the present value of this investment Future Value Table Factor Present Value X On January 1, a company agrees to pay \$23,000 in eight years. If the annual interest rate is 8%, determine how much cash the company can borrow with this agreement. (PV of \$1, FV of \$1, PVA of \$1, and FVA of \$1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Amount Borrowed Table Factor Future Value Tom Thompson expects to invest \$21,000 at 9% and, at the end of a certain period, receive \$83,376. How many years will it be before Thompson receives the payment? (PV of \$1, FV of \$1. PVA of \$1, and FVA of \$1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Future Value Present Value Table Factor Years years

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