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3. You have an initial investment today of $10,000. Each year you add to the account 2.6% more than the previous year. If the interest
3. You have an initial investment today of $10,000. Each year you add to the account 2.6% more than the previous year. If the interest rate is 5.3% what is the future value of this income stream at the end of 25 year? (Enter as a whole number, no dollar signs, no commas) 5. You are purchasing a pump for your industrial plant. Your planning horizon is 60 years. There are two pumps under consideration, A and B. Their characteristics are shown in the table below.If the MARR is 10%, what is the present value of the better choice. Note: Either pump A is used for the entire 60 years or pump B is used for the entire 60 years (Enter as a whole number, no dollar signs, no commas) A B Purchase cost $10,000 $16,000 Service life (years) 10 5 Operating cost per year $1,000* age in years $800* age in years Salvage value 0 0
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