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Answer to Question #79309 in Financial Math for Lee
Question #79309
You consider buying a business for R600 000. The business is expected to run for 5 years and the following net returns are expected..
Year 1- R160 000
Year 2- R250 000
Year 3- R190 000
Year 4- R180 000
Year 5- R130 000
Should you buy the business? A project of this type is expected to return at least 11% per annum. (Show details of your calculation)
Year 1- R160 000
Year 2- R250 000
Year 3- R190 000
Year 4- R180 000
Year 5- R130 000
Should you buy the business? A project of this type is expected to return at least 11% per annum. (Show details of your calculation)
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