Good News! You are going to receive $6,000 in each of the next 5 years for sale

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Good News! You are going to receive $6,000 in each of the next 5 years for sale of used machinery. A bank is willing to lend you the present value of the money in the meantime at discount of 10% per year. How much cash do you receive now?

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Related Book For answer-question

Principles of Operations Management Sustainability and Supply Chain Management

ISBN: 978-0134181981

10th edition

Authors: Jay Heizer, Barry Render, Chuck Munson

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Question Posted: Dec 07, 2016 07:50 AM

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Good News! You are going to receive $6,000 in each of the next 5 years for sale

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The net present value factor for 10 a...View the full answer

Principles of Operations Management Sustainability and Supply Chain Management

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