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1 Ken Francis is offered the possibility of investing $7,573 today; in return, he would receive $21,000 after 9 years. What is the annual rate

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1 Ken Francis is offered the possibility of investing $7,573 today; in return, he would receive $21,000 after 9 years. What is the annual rate of interest for this investment? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "PV of a single amount" to 4 decimal places and percentage answer to the nearest whole number.) Present Value 1 Future Value p (PV of a Single Amount) Interest Rate / % 2 Required information [The following information applies to the questions displayed below.) Part 1 of 3 Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $43,500. The machine's useful life is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 32,500 units of product. 2 points Determine the machine's second-year depreciation and year end book value under the straight-line method. eBook Straight-Line Depreciation Choose Numerator: / Choose Denominator: Annual Depreciation Expense Hint Depreciation expense 0 References Year 2 Depreciation Year end book value (Year 2) Double the SL rate Estimated units of production Estimated useful life (years) 3 Required information Part 2 of 3 [The following information applies to the questions displayed below.) Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $43,500. The machine's useful life is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 32,500 units of product. 2 points Determine the machine's second-year depreciation using the units-of-production method. X Answer is not complete. Units-of-production Depreciation Choose Denominator: Total units of production Choose Numerator: Cost minus salvage = Annual Depreciation Expense Depreciation expense per unit 0 Year Depreciation Expense Annual Production (units) 32,500 2

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