- 3 Tony S Gym Is Thinking Of Investing In A New Set Of Equipment That Costs A One Time Payment Of 11 000 Today If They 1 (98.09 KiB) Viewed 11 times
3)Tony's Gym is thinking of investing in a new set of equipment that costs a one-time payment of $11,000 today. If they
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3)Tony's Gym is thinking of investing in a new set of equipment that costs a one-time payment of $11,000 today. If they
3)Tony's Gym is thinking of investing in a new set of equipment that costs a one-time payment of $11,000 today. If they purchase the equipment, it can generate $4,000 profit annually for the next 3 years. Assuming the interest rate is 5%, should they make the purchase? Present value of an Annuity of $1 Year 1 2 3 1 = 5% 0.952 1.859 2.723 I