1. You are buying a new television. From past experience, you estimate future repair costs as: First Year: $5 Second year: $15 Third year: $25 Fourth year: $35

A.The dealer offers to sell you a four-year repair contract for $60. You require at least a 6% interest rate on your investments. What is the Annual uniform series ($) of this four-year repair costs (with no contract)?

B. The dealer offers to sell you a four-year repair contract for $60. You require at least a 6% interest rate on your investments. What is the future value ($) of this four-year repair costs (with no contract)?