A project has average estimated cash flows of 5,000 per year with an initial investment of10,000. Depreciation is straight-line with no residual value and the project has a three-year life span. The company has set a Required Rate of Return (RRR) equal to x%. The project would be accepted for:
You earn 4,000 per month. You spend2,800 on living expenses, save 800, and pay400 towards debt (200 interest payment,200 principal repayment). Your net worth has increased by:
If you deposit $5,000 in a savings account that offers a 3% annual interest rate compounded annually, how much (approximately) will you have after 2 years?
