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a. Branson Company deposited $5,800 in an account paying 2.5% annual interest. How much simple interest would Branson earn in 3 years? (3 marks) b.
a. Branson Company deposited $5,800 in an account paying 2.5% annual interest. How much simple interest would Branson earn in 3 years? (3 marks) b. Branson Company deposited $5,800 in an account paying 2.5% annual interest. How much compound interest would Branson earn in 3 years? (3 marks) c. Frontier Landscaping owns some equipment that is used in their operations. Management that the equipment will last another three years and will generate the following future cash the end of each year. (4 marks) Year 1 $4,000 Year 2 $6,000 Year 3 $7,000 Calculate the present value of each of these future cash flows given a 4% discount rate
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