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6. Apple Computer wants to have $2.1 billion available 5 years from now to finance production of a handheld electronic brain that, based on your

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6. Apple Computer wants to have $2.1 billion available 5 years from now to finance production of a handheld electronic brain that, based on your behavior, will learn how to control nearly all the electronic devices in your home, such as the thermostat, coffee pot, TV, and sprinkler system. The company expects to set aside uniformly increasing amounts of money each year to meet its goal. If the amount set aside at the end of year 1 is $50 million, how much will the constant increase G have to be each year? Assume the investment account grows at a rate of 18% per year. available 5 years from now to finance based on your behavior, will learn how has the thermostat, coffee my increasing waring Economy (8012101-2) winnt Series) Determine the difference in the present worth values of the following two commodity contracts at an interest rate of 8% per year. Contract 1 has a cost of $10,000 in year 1; costs will escalate at a rate of 4% per year for 10 years. Contract 2 has the same cost in year 1, but costs will escalate at 6% per year for 11 years

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