2. Draw and solve the Cash Flow Diagram for Future Value F13. This is a 10 year Cash Flow, and interest rate is a
2. Draw and solve the Cash Flow Diagram for Future Value "F13". This is a 10 year Cash Flow, and interest rate is a compounded 7%, but I want the Future Value at Year 13. You CANNOT just use P/F or F/P, use the tool suited for the type of CFD item. a. $15000.00 is Invested Today for a piece of testing equipment (5 pts) b. $2000.00 is Earned as Annual Income from end of years 4-10 through use of this test equipment (10 pts) c. $400.00 is the Annual Maintenance Cost of the testing equipment for all 10 years (10 pts) d. Salvage Value at the end of the 10th year is $1500.00 (5 pts) e. There is an Arithmetic Gradient Income from years 6-10 with a Base Annuity of $500.00 increasing (getting bigger) by $50.00 each year (15 pts) f. There is a mortgage cost from years 1-10 with a starting amount of $1500, decreasing (getting smaller) by $25 each year (years 2- 10). (15 pts) What is the Future Value "F13" of this Engineering Cash Flow Investment?
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