Homework Answers
Cost of machine 10 years from now is 100,000
A10 = 100,000
A10 = P( 1+ r) 10
r = 0.08
100,000 = P ( 1+ 0.08)10
P = 100,000 / ( 1.08)10
Cost of machine 10 years from now is A20
A20 = P( 1+r)20
A20 = [ 100,000 / ( 1.08)10 ]* ( 1+ 0.08)20
A20 = 100,000*(1.08)10
A20 = 215,892.5 = 215,900 ( closest answer)
Ans is b) $215,900
Add Answer to:
Will rate!
A CNC punch press will cost $100,000 ten years from now. If money is...
(30 points) Acme Engineering needs to buy a punch press. Two companies have submitted bids to...
(30 points) Acme Engineering needs to buy a punch press. Two companies have submitted bids to supply Acme with a punch press. Johnson's Punches will charge $150,000 to deliver and install the press. They estimate that maintenance for the press will be $4,000 per year. They state that their press will save Acme Engineering $89,000 per year. Riser Machines will charge $205,000 to deliver and install their press. Riser estimates that that maintenance for their press will be $4,300 per...
Suppose a State of New York bond will pay $1,000 ten years from now. If the...
Suppose a State of New York bond will pay $1,000 ten years from now. If the going interest rate on these 10-year bonds is 4.9%, how much is the bond worth today? да я и 619 ооооо е за 4 • Multiple Choice 5-477 o o o o Suppose a State of California bond will pay $1,000 eight years from now. If the going interest rate on these 8-year bonds is 6.2%, how much is the bond worth today? Оа....
FIUDICI J' (digun ) Geo-Star Manufacturing Company is considering a new investment in a punch-press machine...
FIUDICI J' (digun ) Geo-Star Manufacturing Company is considering a new investment in a punch-press machine that will cost $93.000 and has an annual maintenance cost of $10.200 There is also an additional overhauling cost of $23,000 for the equipment once every four years. Assuming that this equipment will last infinitely under these conditions what is the capitalized equivalent cost of this investment at an interest rate of 8%? Click the icon to view the interest factors for discrete compounding...
Q2 (a) Maintenance cost for CNC Milling machine was RM 10,000 in year 1 through 3...
Q2 (a) Maintenance cost for CNC Milling machine was RM 10,000 in year 1 through 3 and RM 20,000 in year 4 through 9. Determine the present worth at an interest rate of 4.5 % per year. (20 marks) Q2 (b) Table 1 shows deposit into saving account with rate of return 8% per year. Determine the future value at year 9. (25 marks) Table 1: Deposit Money into Saving Account Information Year Deposit, RM per year 0 800 1...
What is the present value of $100 ten years from now if the simple rate of...
What is the present value of $100 ten years from now if the simple rate of interest is0.12? Round your final answer to two decimal places. Question 2 2 pts A deposit of $19 is made at the beginning of each year for 14 years, what is the future value of all deposits if simple rate of interest is 0.09? Round your final answer to two decimal places. Question 3 2 pts In how many years will $100 become $320...
BLANK Inc., a manufacturer of steel school lockers, plans to purchase a new punch press for...
BLANK Inc., a manufacturer of steel school lockers, plans to
purchase a new punch press for use in its manufacturing process.
After contacting the appropriate vendors, the purchasing department
received differing terms and options from each vendor. The
Engineering Department has determined that each vendor’s punch
press is substantially identical and each has a useful life of 20
years. In addition, Engineering has estimated that required
year-end maintenance costs will be $1,100 per year for the first 5
years, $2,100...
If a company wants to have $100,000 in a contingency fund 10 years from now, the...
If a company wants to have $100,000 in a contingency fund 10 years from now, the amount the company must deposit each year in years 6 through 9, at an interest rate of 10% per year, is closest to (a) $19,588 (b) $20,614 (c) $21,547 (d) $22,389
What is the future worth 8 years from now of a present cost of 175,000 at...
What is the future worth 8 years from now of a present cost of 175,000 at an interest rate of 0.04 per year?
Sandhill Inc., a manufacturer of steel school lockers, plans to purchase a new punch press for...
Sandhill Inc., a manufacturer of steel school lockers, plans to
purchase a new punch press for use in its manufacturing process.
After contacting the appropriate vendors, the purchasing department
received differing terms and options from each vendor. The
Engineering Department has determined that each vendor’s punch
press is substantially identical and each has a useful life of 20
years. In addition, Engineering has estimated that required
year-end maintenance costs will be $1,050 per year for the first 5
years, $2,050...
Cullumber Inc., a manufacturer of steel school lockers, plans to purchase a new punch press for...
Cullumber Inc., a manufacturer of steel school lockers, plans to purchase a new punch press for use in its manufacturing process. After contacting the appropriate vendors, the purchasing department received differing terms and options from each vendor. The Engineering Department has determined that each vendor’s punch press is substantially identical and each has a useful life of 20 years. In addition, Engineering has estimated that required year-end maintenance costs will be $1,050 per year for the first 5 years, $2,050...
(30 points) Acme Engineering needs to buy a punch press. Two companies have submitted bids to supply Acme with a punch press. Johnson's Punches will charge $150,000 to deliver and install the press. They estimate that maintenance for the press will be $4,000 per year. They state that their press will save Acme Engineering $89,000 per year. Riser Machines will charge $205,000 to deliver and install their press. Riser estimates that that maintenance for their press will be $4,300 per...
Suppose a State of New York bond will pay $1,000 ten years from now. If the going interest rate on these 10-year bonds is 4.9%, how much is the bond worth today? да я и 619 ооооо е за 4 • Multiple Choice 5-477 o o o o Suppose a State of California bond will pay $1,000 eight years from now. If the going interest rate on these 8-year bonds is 6.2%, how much is the bond worth today? Оа....
FIUDICI J' (digun ) Geo-Star Manufacturing Company is considering a new investment in a punch-press machine that will cost $93.000 and has an annual maintenance cost of $10.200 There is also an additional overhauling cost of $23,000 for the equipment once every four years. Assuming that this equipment will last infinitely under these conditions what is the capitalized equivalent cost of this investment at an interest rate of 8%? Click the icon to view the interest factors for discrete compounding...
Q2 (a) Maintenance cost for CNC Milling machine was RM 10,000 in year 1 through 3 and RM 20,000 in year 4 through 9. Determine the present worth at an interest rate of 4.5 % per year. (20 marks) Q2 (b) Table 1 shows deposit into saving account with rate of return 8% per year. Determine the future value at year 9. (25 marks) Table 1: Deposit Money into Saving Account Information Year Deposit, RM per year 0 800 1...
What is the present value of $100 ten years from now if the simple rate of interest is0.12? Round your final answer to two decimal places. Question 2 2 pts A deposit of $19 is made at the beginning of each year for 14 years, what is the future value of all deposits if simple rate of interest is 0.09? Round your final answer to two decimal places. Question 3 2 pts In how many years will $100 become $320...
BLANK Inc., a manufacturer of steel school lockers, plans to
purchase a new punch press for use in its manufacturing process.
After contacting the appropriate vendors, the purchasing department
received differing terms and options from each vendor. The
Engineering Department has determined that each vendor’s punch
press is substantially identical and each has a useful life of 20
years. In addition, Engineering has estimated that required
year-end maintenance costs will be $1,100 per year for the first 5
years, $2,100...
If a company wants to have $100,000 in a contingency fund 10 years from now, the amount the company must deposit each year in years 6 through 9, at an interest rate of 10% per year, is closest to (a) $19,588 (b) $20,614 (c) $21,547 (d) $22,389
What is the future worth 8 years from now of a present cost of 175,000 at an interest rate of 0.04 per year?
Sandhill Inc., a manufacturer of steel school lockers, plans to
purchase a new punch press for use in its manufacturing process.
After contacting the appropriate vendors, the purchasing department
received differing terms and options from each vendor. The
Engineering Department has determined that each vendor’s punch
press is substantially identical and each has a useful life of 20
years. In addition, Engineering has estimated that required
year-end maintenance costs will be $1,050 per year for the first 5
years, $2,050...
Most questions answered within 3 hours.
-
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 24 minutes ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 39 minutes ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 44 minutes ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 47 minutes ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 48 minutes ago -
Why are polymers not typically casted into products?
asked 1 hour ago -
When rolling a die 129 times, what is the probability of rolling
a 6 no more...
asked 1 hour ago -
4. A call option currently sells for $7.75. It has a strike
price of $85 and...
asked 1 hour ago -
1.
You need to prepare 10.0 liters of an acid aqueous solution with a
pH of...
asked 1 hour ago -
Along an aggregate supply curve, if the level of output is less
than the natural level...
asked 1 hour ago -
By 2025, annual consumption in emerging markets will total $30
trillion and contribute more than ________...
asked 1 hour ago -
At what point does reformation cease to be a viable option for
those who are oppressed...
asked 1 hour ago