首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
You are deciding whether to purchase a used car. The price of the car is $1,400 and you expect the car to last for four years. Y
You are deciding whether to purchase a used car. The price of the car is $1,400 and you expect the car to last for four years. Y
admin
2011-01-15
44
问题
You are deciding whether to purchase a used car. The price of the car is $1,400 and you expect the car to last for four years. You have determined that the value of the flow of services you will receive from the car in each of the four years is $500. The interest rate is 20 percent. (Assuming that all figures are real terms.)
(a)Without discounting future cash flows and benefit streams, is the benefit of buying this car greater than the cost?
(b)When costs and benefits are appropriately valued, what is the net present value of this investment? Should you buy the car?
选项
答案
(a)The stream of benefits for the four years is $500+$500+$500+$500=$2,000. The stream of costs over the four years is $1,400+$100+$100+$100=$1,700. Therefore, the benefits outweigh the costs. (b)The PV of the benefit stream is $500/(1+20%)+$500/(1+20%)2+$500/(1+20%)3+$500/(1+ 20%)4=416.67+347.22+289.35+241.13=$1,294.37. The cost of the car is $1,400. The net present value is negative (1,294.37-1,400=-$105.63), and therefore you should not buy the car.
解析
转载请注明原文地址:https://kaotiyun.com/show/eCYd777K
0
中级(经济学)
原金融专业英语(FECT)
金融英语(FECT)
相关试题推荐
A、Hewillvisitthemanagersoon.B、Heneverlikeditsomuch.C、Heusedtolikethestore.C
[A]supermarket[Blackboard[C]knife[D]medicine[E]library[F]airport[G]gardenWeeatitwhenweareill.
[A]bridge[B]supermarket[C]radio[D]map[E]book[F]letter[G]busPeoplegoacrossitfromonesidetotheother.
Mr.Blackwasyoungandable.Thebosslikedhim.LastmonthhewassenttoChinaonbusiness.BeforehewentbackfromChina,h
In1870srichpeoplebegantospeakofspendingweekendsinthecountryvisitingfriends.Formostpeoplebackthen,however,th
JackhisJoblastweek.Itwasdifficultforhimtofindanother【C1】______.【C2】______toldhimthatitwaspossibletogetanew
Besidesfileloans,banksprovidenon-loanfinancialservicestotheirbusinessclients.Describethefactoringservicesandlea
Aproductionfunctionforafirmdescribes______.
Internationaltradealwayscreatestheneedforforwardoperations,iftheexchangeriskistobehedged.Letusconsidertheca
Supposetheaveragelevelofallpriceshasdoubledoverthelasttenyears.Wecancometoaconclusionthat______.
随机试题
焊缝线能量大时,焊缝金属的_____就差。
论述侵权行为的民事责任与违约责任的区别。
下列关丁mRNA的叙述,不正确的是()(2006年)
肝肾阴虚,风阳上扰的治法为( )。中风后遗症,半身不遂的治法为( )。
各种不同账务处理程序的主要区别是()。
下列不属于评估战略备选方案通常使用的标准的是()。
该市2005年6月的总保费收入、比去年同期约增长了()。与上一年同期相比保费收入增幅最大的是()。
甲从/4地步行到B地,出发1小时40分钟后,乙骑自行车也从A地出发,骑了10公里时追到甲。于是,甲改骑乙的自行车前进,共经5小时到达B地,这恰是甲步行全程所需时间的一半。问骑自行车的速度是多少公里/小时?(甲、乙骑自行车速度一样)
A、Tocompletehis/herpersonalinformation.B、Tomakeacoverletterwiththese.C、Toimpresstheemployers.D、Todistinguishth
Bynowyouknowthat【C1】______yourmoney’sworthisnotjustamatterofluck.Itismoreoftenthe【C2】______of’buyingskill.【
最新回复
(
0
)