Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Get immediate and reliable answers to your questions from a community of experienced experts on our platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.
Sagot :
Answer:
the present value is $13,588.97
Explanation:
The computation of the present value of the retreading operation is shown below:
As we know that
Present value = Future value ÷ (1 + rate of interest)^time period
= $2,700 ÷ 1.09^1 + $2,700 ÷ 1.09^2 + $2,700 ÷ 1.09^3 + $2,700 ÷ 1.09^4 + $2,700 ÷ 1.09^5 + $2,700 ÷ 1.09^6 + $2,700 ÷ 1.09^7
= $13,588.97
Hence, the present value is $13,588.97
We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.
