1. A water supply dam will cost $7 million to build and it will have erosion control costs of $800,000 every 6 years forever.At an interest rate of 5% per year, the capitalized cost of the dam is closest to:

A.-$8,310,000

B.-$9,3500,000

C.-$8,900,000

D.-$7,800,000

SELECT ANSWER

1. An executor for a wealthy person's estate discovered an uncollected note of $100,000 dated July 10,1973 At an interest rate of 6% per year, the value of the note on July 10, 2008, would be closest to

A..$778,610

B..$768,610

C..$768,710

D..$788,610

SELECT ANSWER

1. You deposit $1000 now and you want the account to have a value as close to $8870 as possible in year 20. Assume the account earns interest at 10%per year. The year in which you must make another deposit of $1000 is

A.year 12

B.year 8

C.year 6

SELECT ANSWER

1. You want to start a permanent endowment in his name.He wants to be able to give scholarships to 6 engineering students each year beginning 11 years from now.If he wants the scholarships to be in the amount of $6,000 for each student, how must he donate now if the account earns interest at a rate of 8% per year?

A.-$173,700

B.-$ 208,440

C.-$196,560

D.-$193,250

SELECT ANSWER

PLEASE I WANT ALL ANSWER FOR QUESTION