n 22 4 out ot You deposit of$250 at the end of each year for 7 years. Then thefu
ID: 1126036 • Letter: N
Question
n 22 4 out ot You deposit of$250 at the end of each year for 7 years. Then thefuture value at the end of 7 years is most nenhy:Use it tion 23 4 out of 4 pe A plece of land can be purchased for $20,000. If this land appreciates at a rate of 3 percent per year, its value in 10 years will be most neary estion 24 4 out of 4 points , while bank B wil pay 1.5% per 3month perod qurtry. nu want to make-dgost oSA40 liputrta terest on savnga deposits you want to leave all money in the account for 3 years, how much additional interest would be obtained from bank B over banik A? Bank Aofers to pay you 6% 4 out of 4 points Question 25 machine cots $5000 salvage vale-$1000 with N -5 years Use Double decining balance dspreciation method to tnd its depreciation charge of yoar most neanysExplanation / Answer
22. Future value = PV(1+i)n
Future value = 250(1+0.1)7
Future value = 250x1.95 = 487.5 $488
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