6. Your company will generate $68,000 in annual revenue each year for the next seven years from a new information database. If the appropriate interest rate is 8.5%, what is the present value of the savings? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas, spaces, $ sign in your response.)

6. Your company will generate $68,000 in annual revenue each year for the next seven years from a new information database. If the appropriate interest rate is 8.5%, what is the present value of the savings? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas, spaces, $ sign in your response.)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...

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