Three years from now you need to pay a loan (onetime) of $6,000. Also, you have...

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business accounting

Answer 1

Answer #1

Onetime loan amount	6000
(+)Value of car	15000
(-) Reward amount from NGO	10000
Net amount needed to meet expenses	11000

Future value = Net amount needed to meet expenses =	11000
r = Rate of interest =	9%
n = Number of years =	3

Present value = Future value / (1+r)^n = 11000 / (1+9%)^3 =	8494

Money to put in a bank now	8494	Option C

Answer 2

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