Continuing from the previous question, how much money would be left in the account after the second withdraw?
A furniture store is offering free credit on purchases over $2,000. You observe that a leather recliner can be purchased for zero down and $6,500 due in one year. Another furniture store sells the same recliner for $5,900 but does not offer credit terms. Which statement below best describes the "free" credit? (hint: whatever % profit/return one makes, it is a cost to the other at the same rate)
Which of the following statements is correct for a project with a negative NPV?
What is the maximum that should be invested in a project at time zero if the inflows are estimated at $50,000 annually for the next 3 years, and $20,000 in year four. The cost of capital is 9%?