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1 . If S500 is invested at an annual interest rate of 8% per year, its future worth at the end of 30 years will

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1 . If S500 is invested at an annual interest rate of 8% per year, its future worth at the end of 30 years will be most nearly A. S1,200 B. S,700 C$5,03 D.S15,000 2. A corporation that pays %53 of its profit in income tax invests $10,000 in an asset that will produce $3000 annual revenue for eight years. If annual expenses are $700, salvage value S500 and 10% interest is used, what is after tax present worth. Discharge depreciation. 3. How many kilometers must a car be driven per year for leasing and buying to cost the same? Use 100% interest and year-end cost. Leasing: S0.15 per kilometer Buying: $5000 purchase cost, 3-year life, salvage $1200, S0.04 per kilometer for gas and oil, $500 per year for insurance 4. It costs $75 per year to maintain a cemetery plot. If the interest rate is 6.0%, how much must be set aside to pay for maintenance on each plot without touching the principal? (A) S1150 (B) S1200 (C) S1250 (D) S1300

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