Solved: Present value of an item having salvage value, Microeconomics

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Present value of an item having salvage value

Question: What would be the present value of an item that has a salvage value of $25,000 at the end of five years? Assume a discount rate of 3.8% for an end-of-year factor. Carry calculations to four decimal places.

A - $24,085

B - $24,050

C - $25,950

D - $20,747

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Microeconomics: Present value of an item having salvage value

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Solution Preview :

Prepared by a verified Expert

Microeconomics: Present value of an item having salvage value

Reference No:- TGS01744350

Have a Question? (oR Write a Review)

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Solution Preview :

Prepared by a verified Expert

Microeconomics: Present value of an item having salvage value

Reference No:- TGS01744350

Recent Questions Asked Microeconomics

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