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  3. 1 assume the annual interestdiscount rate is 3 calculate the...

Question: 1 assume the annual interestdiscount rate is 3 calculate the...

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(1). Assume the annual interest/discount rate is 3%. Calculate the present value of a future dollar and fill in the table below (Note: Use two decimals numbers and don't round the values.).

 

(2). An information system project takes $12K to develop and requires $2K to maintain its normal operation each year. The system generates $5K benefit each year since its operation. What is the project’s net present value in 3 years?

 

(3). Based on your calculation, should the project proceed?
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