A car salesperson gives you four alternative ways to pay for your car. the first is to pay $18,000 today. the second is to pay $19,000 one year from today. the third is to pay $20,300 two years from today. the fourth is to pay $21,500 three years from today. if the interest rate is 6 percent, which payment option has the lowest present value and which has the highest?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A car salesperson gives you four alternative ways to pay for your car. the first is to pay $18,000 today. the second is to pay $19,000 one ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Tyare Corporation had the following inventory balances at the beginning and end of May:May 1 - May 30Raw materials : $ 30,500 - $ 40,000Finished Goods : $ 80,000 - $ 76,000Work in Process : $ 18,500 - $ 17,270During May, $63,500 in raw materials
Answers (1)
Calculate the single risk premium (to 2 decimal places) to be charged today on an insurance product that pays regular claims of $500 in 1,2,3, ...,25 years from today. Use an interest rate of 4% per annum.
Answers (1)
What is the angle (degrees) of the central and lateral limbs of a simple z-plasty that allows for transposition of the flaps, with optimal balance between scar lengthening and skin flap ease of closure with minimal tension?
Answers (1)
Which one of the following is a non-profit financial intermediary? a. leasing company b. mutual fund c. credit union d. investment bank
Answers (1)
An investment will pay $ 287 comma 280 at the end of next year for an investment of $ 190 comma 000 at the start of the year. If the market interest rate is 8 % over the same period, should this investment be made?
Answers (1)
New Questions in Business
Which of these is not a factor you need to consider when choosing a bank? a. The number of ATM machines b. Branch locations c. How often you need access to your money d. The amount of money you paid in income taxes last year
Answers (1)
A margin of safety of 30% means that every dollar in revenue generated thirty cents in profit. A. True B. False
Answers (1)
Which of the following groups has the responsibility for identifying and deciding the appropriate accounting treatment for recording or disclosing contingent liabilities? A) Auditors B) Legal counsel C) Management D) Management and the auditors
Answers (1)
who talked about this clue "it will gain you more knowledge, intensify your soft skills, strong work ethics and grow your network" what is it?
Answers (1)
Which of the following would most likely be classified as a current liability? a. bond payable b. two-year note payable c. mortgage payable d. unearned rent
Answers (1)