At an interest rate of 10% per year, expenditures of $1,000 in years zero, three

Question

At an interest rate of 10% per year, expenditures of $1,000 in years zero, three and six could be replaced by a single investment in year eight nearest to: Select one: A. $3,621 B. $3,964 C. $4,964 D. $5,721

Question 2

Not yet answered Marked out of 1.00 Flag question

Question text

In order to have money for their son's college education, a young couple started a savings plan into which they made intermittent deposits. They started the account with a deposit of $2,000 (in year zero) and then added $3,000 in years two, five and six. The amount they had in the account in year ten if they earned interest at 12% per year was nearest to: Select one: A. $15,170 B. $17,320 C. $20,913 D. $23,647

Question 3

Not yet answered Marked out of 1.00 Flag question

Question text

The costs of fuel for a smelting operation are expected to be $50,000 in year three, $52,500 in year four and amounts increasing by 5% per year thereafter through year ten. At an interest rate of 8% per year, the present worth of the fuel cost is nearest to: Select one: A. $190,400 B. $204,600 C. $277,900 D. $336,300 At an interest rate of 10% per year, expenditures of $1,000 in years zero, three and six could be replaced by a single investment in year eight nearest to: Select one: A. $3,621 B. $3,964 C. $4,964 D. $5,721 At an interest rate of 10% per year, expenditures of $1,000 in years zero, three and six could be replaced by a single investment in year eight nearest to: Select one: A. $3,621 B. $3,964 C. $4,964 D. $5,721 At an interest rate of 10% per year, expenditures of $1,000 in years zero, three and six could be replaced by a single investment in year eight nearest to: Select one: A. $3,621 B. $3,964 C. $4,964 D. $5,721 At an interest rate of 10% per year, expenditures of $1,000 in years zero, three and six could be replaced by a single investment in year eight nearest to: Select one: A. $3,621 B. $3,964 C. $4,964 D. $5,721 Select one: A. $3,621 B. $3,964 C. $4,964 D. $5,721 A. $3,621 B. $3,964 C. $4,964 D. $5,721

Question 2

Not yet answered Marked out of 1.00 Flag question

Question text

In order to have money for their son's college education, a young couple started a savings plan into which they made intermittent deposits. They started the account with a deposit of $2,000 (in year zero) and then added $3,000 in years two, five and six. The amount they had in the account in year ten if they earned interest at 12% per year was nearest to: Select one: A. $15,170 B. $17,320 C. $20,913 D. $23,647

Question 2

Not yet answered Marked out of 1.00 Flag question Not yet answered Marked out of 1.00 Flag question

Question text

In order to have money for their son's college education, a young couple started a savings plan into which they made intermittent deposits. They started the account with a deposit of $2,000 (in year zero) and then added $3,000 in years two, five and six. The amount they had in the account in year ten if they earned interest at 12% per year was nearest to: Select one: A. $15,170 B. $17,320 C. $20,913 D. $23,647

Question text

In order to have money for their son's college education, a young couple started a savings plan into which they made intermittent deposits. They started the account with a deposit of $2,000 (in year zero) and then added $3,000 in years two, five and six. The amount they had in the account in year ten if they earned interest at 12% per year was nearest to: Select one: A. $15,170 B. $17,320 C. $20,913 D. $23,647 In order to have money for their son's college education, a young couple started a savings plan into which they made intermittent deposits. They started the account with a deposit of $2,000 (in year zero) and then added $3,000 in years two, five and six. The amount they had in the account in year ten if they earned interest at 12% per year was nearest to: Select one: A. $15,170 B. $17,320 C. $20,913 D. $23,647 Select one: A. $15,170 B. $17,320 C. $20,913 D. $23,647 A. $15,170 B. $17,320 C. $20,913 D. $23,647

Question 3

Not yet answered Marked out of 1.00 Flag question

Question text

The costs of fuel for a smelting operation are expected to be $50,000 in year three, $52,500 in year four and amounts increasing by 5% per year thereafter through year ten. At an interest rate of 8% per year, the present worth of the fuel cost is nearest to: Select one: A. $190,400 B. $204,600 C. $277,900 D. $336,300

Question 3

Not yet answered Marked out of 1.00 Flag question Not yet answered Marked out of 1.00 Flag question

Question text

The costs of fuel for a smelting operation are expected to be $50,000 in year three, $52,500 in year four and amounts increasing by 5% per year thereafter through year ten. At an interest rate of 8% per year, the present worth of the fuel cost is nearest to: Select one: A. $190,400 B. $204,600 C. $277,900 D. $336,300

Question text

The costs of fuel for a smelting operation are expected to be $50,000 in year three, $52,500 in year four and amounts increasing by 5% per year thereafter through year ten. At an interest rate of 8% per year, the present worth of the fuel cost is nearest to: Select one: A. $190,400 B. $204,600 C. $277,900 D. $336,300 The costs of fuel for a smelting operation are expected to be $50,000 in year three, $52,500 in year four and amounts increasing by 5% per year thereafter through year ten. At an interest rate of 8% per year, the present worth of the fuel cost is nearest to: Select one: A. $190,400 B. $204,600 C. $277,900 D. $336,300 Select one: A. $190,400 B. $204,600 C. $277,900 D. $336,300 A. $190,400 B. $204,600 C. $277,900 D. $336,300

Explanation / Answer

a) 1000* 1.1^8 + 1000* 1.1^5 + 1000* 1.1^2 = 4964

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.