By looking at the history of your savings accounts, you learned the interest rate in each period during the last five years was as follows: The renaming balance at the end of each period will earn interest at the prevailing rate at the beginning of each period. For example, $1,000 deposit at n = 0 will earn 4% interest and any balance at the of 1 plus $2,000 deposit will earn 3% interest and so on. How much would you have at the end of year 5 (right after $1,00 withdrawal)? Today is your birthday and you decide to start saving for your retirement. You will retire on your 65^th birthday and will need $50,000 per year at the end of each of following 20 years. You will first deposit one year from today in an account paying 8% interest annually and continue to make an equal amount of deposit each year up to the year before you plan to retire. If an annual deposit of $6.715 will allow you to reach your goal, what birthday are you celebrating today? You are considering an investment that costs $2,000. It is expected to have a useful life of 3 year. You an very confident about the revenues during the first and the third year, but you are unsure about the revenue in year? If you hope to make at least a 10% rate of return on your investment ($2,000), what should be the minimum revenue in year 2? Consider the following two mutually exclusive investment proposals. (a) Determine the range of MARR where Project A1 is preferred over project A2. (b) If you use the NPW criterion at MARR = 15%, project A2 will be selected. Using the4 internal rate of return criterion, demonstrate that you will select the same project at MARR of 15%. In doing so, determine the return on invested capital on the increment investment ($100) required project A2