Question

Largo Freightlines plans to build a new garage in three years to have more space for repairing its trucks. The garage will cost $400,000.

Required:
What lump-sum amount should the company invest now to have the $400,000 available at the end of the three-year period? Assume that the company can invest money at:
a. Eight percent.
b. Twelve percent.



$1.99
Sales0
Views532
Comments0
  • CreatedSeptember 27, 2013
  • Files Included
Post your question
5000