blossom company is considering an investment that will
return lum sum of 450000 5 years from now. what amount should
blossom company pay for this investmentbin order to earn 3 %
return
Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks! |
Blossom company | Amount $ |
Future value | 450,000.00 |
n= | 5.00 |
i= | 3% |
Present value Factor | 0.862609 |
Present value | 388,173.95 |
So blossom company should pay $ 388,173.95 for this investment. |
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