Homework Answers
Amount that can be spent today=Present value of deposits-Present
value of
withdrawals=34137-32706/1.03^8+9317/1.03^6-2891/1.03^2
=$13,396.38
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This is an extra credit review problem. It is optional. Chugington, Inc. is doing some financial...
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I NEED ABSOLUTELY CORRECT ANSWERS FOR THESE. 0.6 pts Question The city of Suburbia received a...
I NEED ABSOLUTELY CORRECT ANSWERS FOR THESE.
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here's the solution for the problem but still not coming up with the answer. how to...
here's the solution for the problem but still not
coming up with the answer. how to calculate the problem on
calculator?
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I NEED ABSOLUTELY CORRECT ANSWERS FOR THESE.
0.6 pts Question The city of Suburbia received a proposal for plant watering from Water Can Gardening Company. The company would water all city plants for $634 each quarter, increasing the amount charged by $17 each subsequent quarter. Water Can Gardening Company requires a 8-year commitment. The mayor has asked you to calculate the equivalent uniform quarterly cost for the plant water service to help with budgeting. Use a nominal annual interest rate...
Question 1 0.25 pts This is an extra credit problem. It is optional. The Creighton family owns a vacation rental which generates $13,752 in income each quarter. The family outsources maintenance to another company which charges $1,140 per quarter, with the amount increasing by $14 each subsequent quarter. What is the equivalent uniform quarterly worth of the vacation rental when looked at over a 12-year planning period? Use a nominal annual interest rate of 7%, compounded quarterly to make the...
Question 5 0.2 pts Caston Construction just purchased a new forklift for $81552. Annual expenses are estimated to be $11375. Caston will perform a minor overhaul on the forklift every three years at a cost of $13644 and an extensive overhaul at the end of year 6 for $29861. At the end of its useful life in 12 years, the forklift will be sold for $12149. What is the first cost for the forklift? Enter your answer as: 1234. Do...
Swanson Brothers, Inc. is putting together a bid for a multi-year state project. The project will have a lifespan of 12 years. If successful, the state will pay Swanson $147,656 at the end of each year, increasing the payment by $34,885 each subsequent year. The project will have expenses of $47,147 per year. Part way through the project, Swanson will need to rent some special equipment at a cost of $3,373 per year, with the cost decreasing by 8% each...
Swanson Brothers, Inc. is putting together a bid for a multi-year state project. The project will have a lifespan of 10 years. If successful, the state will pay Swanson $129,868 at the end of each year, increasing the payment by $31.525 each subsequent year. The project will have expenses of $48,172 per year. Part way through the project, Swanson will need to rent some special equipment at a cost of $3,937 per year, with the cost decreasing by 8% each...
here's the solution for the problem but still not
coming up with the answer. how to calculate the problem on
calculator?
1. Sammy anticipates that he will need approximately $250,000 in 17 years to cover his 1- year-old daughter's college bills for a 4-year degree. How much would he have to invest today at an interest rate of 8% compounded monthly? 1113 69% = 5.82 1310 Solution: Sammy would need to invest $65,032.18 into the account today to make $250,000...
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