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Your company will generate $45,000 in cash flow each year for the next nine years from a new information database. The computer...Asked by Mai Anh
Your company will generate $50,000 in cash flow each year for the
next nine years from a new information database. The computer system needed to set up the database costs $300,000. If you can borrow the money to buy the computer system at 8.25% annual interest, can you afford the system?
next nine years from a new information database. The computer system needed to set up the database costs $300,000. If you can borrow the money to buy the computer system at 8.25% annual interest, can you afford the system?
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Answered by
Anonymous
.0825*300,000*9 = 222,750 in interest payments
interest + capital payments = 300,000+222,750 = 522,750 total cost
income = 50,000*9 = 450,000
oh well, use the slide rule :(
interest + capital payments = 300,000+222,750 = 522,750 total cost
income = 50,000*9 = 450,000
oh well, use the slide rule :(
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