Business Investments
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MM255 M3 Business Investments Written Assignment
Businesses need to purchase equipment, whether it is computers to run their online
platforms or backhoes to dig out the foundations on new houses. They may choose to buy it
now and take out a loan that would cost them interest or they could put aside money today
and earn enough interest on their investment to be able to purchase the equipment in the
future.
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.
Save for 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 formula to calculate what you put in today to buy equipment in
the future.
Watch this video to show you how to do this. https://www.youtube.com/watch?v=Ipw2dfzv0jQ
Using a Word document, write some sentences to describe the equipment and how it will
help your business. Include the number of years and interest rate you have chosen as well
as the results Excel gave you. Copy and paste the Excel spreadsheet calculations into the
Word document.
Submit the Written Assignment portion of the Competency Assessment by clicking on
Assignments along the top menu bar of the course, then Competency Assessment
Dropbox.
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