One business has a large amount of debt on which it pays an annual yield of 8%. A competitor has no debt, and any excess money goes into the bank and earns a yield of 1.5%. Éach of these businesses bids on a contract which pays $40,000 in one year and nine months. Indicate which company gives this contract a higher present value, and calculate the difference between these present values, rounding to the nearest dollar. [Hint: for both businesses the yield is treated as positive.]

can you please show me how to calculate this without using excel? Thanks

can you show the steps on a calculator ?

hi im looking at the solution above and have a quuestion-im a littlepuzzled on exactly how i should be plugging in the numbersfor example, the chart liists Time (ln2/(ln(1+r)) but how exactly should i type this in my calculatorto get =l3/J3? maybe im overthinking it

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is there a way to do this question with formulas and a calculator instead of excel? if so please upload the solution this way

How many new accounts would be needed?