Ko Question 4 (of 5) value: 10.00 points The Atlantic Medical Clinic can purchas

Question

Ko Question 4 (of 5) value: 10.00 points The Atlantic Medical Clinic can purchase a new computer system that will save $6,000 annually in billing costs. The computer system will last for six years and have no salvage value Use Excel or a financial calculator to solve. Round answers to the nearest dollar. Required: dt he dinic sreguiheould thof stlanic sredical Clinic be willing to pay for the new computer system Present Value 1. Nine percent 2. Fourteen percent References eBook & Resources Expanded table Ea

Explanation / Answer

9% 14% Saving per year 6000 6000 Present value factor Annuity n= 6 years 4.48592 3.88867 Present value 26916 23332 (4.48592*6000) (3.88867*6000)

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