Categories
Other

Business Statistics Math Unit 5 discussion Businesses need to purchase equipment

Place your order now for a similar assignment and have exceptional work written by our team of experts, At affordable rates

For This or a Similar Paper Click To Order Now

Business Statistics Math Unit 5 discussion
Businesses need to purchase equipment, whether it is computers to run their online platforms or backhoes to dig out the foundations on new houses. Business managers may choose to buy the equipment now and take out a loan that would cost interest or put aside money today and earn enough interest on the investment to be able to purchase the equipment in the future.
Post 1: Initial Response
You have set a goal for your business to purchase three pieces of equipment. Find three pieces of equipment for sale online that will help your business work more efficiently or effectively. Include the URLs. Prioritize the three pieces of equipment that you have chosen in the order you think you need them and the urgency in which you need them.
You plan to save money to purchase the equipment. Select between 5-10 years to save to purchase each piece of equipment. In order to have the money saved for your first priority piece of equipment sooner, choose the shortest number of years for the #1 piece of equipment and the longest number of years for the #3 piece of equipment. Choose an interest rate between 2-10% for each piece of equipment.
Next, open a blank Excel spreadsheet and type in the purchase price of the equipment you have chosen. Use Excel PV function to calculate what you would need to invest today to buy equipment in the future. Watch this video to see a demonstration of how to create the Excel spreadsheet. Include the Excel spreadsheet in your post. Your name should be in cell A1.
In a summary paragraph, describe the equipment and how it will help your business. Include in your post the number of years and interest rate you have chosen as well as the results from the Excel spreadsheet.
Include these items in your post:
Three URLs
Completed Excel spreadsheet
Summary paragraph: description of equipment, years and interest rate chosen, PV result

For This or a Similar Paper Click To Order Now

Leave a Reply