Time Value of Money Assignment
February 18th, 2020
Charlie Corp. is purchasing new equipment with a cash cost of $300,000 for an assembly line. The manufacturer has offered to accept a $68,900 payment at the end of each of the next six years. What would be the time value of money for this offer?
A. $68,900.
B. $413,400.
C. $113,400.
D. $300,000.