Chat with AI
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 83
Solve the following application problem.
A business worth $180,000 is expected to grow at 12% per year compounded annually for the next 4 years. (a) Find the expected future value. __________________ (b) If funds from the sale of the busi-ness today would be placed in an account yielding 8% compounded semiannually, what would be the minimum acceptable price for the business at this time? __________________
A business worth $180,000 is expected to grow at 12% per year compounded annually for the next 4 years. (a) Find the expected future value. __________________ (b) If funds from the sale of the busi-ness today would be placed in an account yielding 8% compounded semiannually, what would be the minimum acceptable price for the business at this time? __________________
Explanation
Verified
Verified
Suppose the interest compounded annual...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
