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Your banker agrees to provide $10,000 today to finance a new project. In return, they require a 12% annual compound rate of interest on their investment repayable in three year's time. How much cash must the project generate to break even? FV of $1 invested in 12%, for 3 years, the table gives: 1.4049

Required:

Cash to generate in order to break even
Future Value
Present Value

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91749912

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