Determining the investment today
Problem: How much would you have to invest today to receive:a. $15,000 in 8 years at 10 percent?b. $20,000 in 12 years at 13 percent?c. $6,000 each year for 10 years at 9 percent?d. $50,000 each year for 50 years at 7 percent?
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To know a business well, you must be able to describe it as an interaction of all the processes that move the product or service from start to finish.
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How much would you have to invest today to receive: a. $15,000 in 8 years at 10 percent? b. $20,000 in 12 years at 13 percent?
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Assume that the assembly line runs 40 hours per week.
a) What is the selling price car? b) How much interest will you pay during the 48 months?
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