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May you please answer this question!

7. The Williams Company can convert to ACH disbursing for $20,000. Williams averages a perpetual 500 checks per month and has

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Answer #1

1.
NPV=-20000+500*0.20/(10%/12)
=-8000

2.
Number of checks=20000*(10%/12)/0.20
=833.3333333
or 834

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