en 6 Mr. Ridge wants to invest a certain sum of money at the end of each year for five years. The investment will earn 10% compounded annually. At the end of the fifth year, he will need a total of $30,000 accumulated. What is his approximate required annual investment? out of Select one: O a. $5,348 O b. $4,914 c. $3,726 O d. $4,095 On 7 Portland Company wants to invest $1,000 on 1/1/15. The investment will earn 8% compounded semi-annually. What will be the approximate investment amount at 12/31/17? out of Select one: a. $1,340 O b. $1,260 O c. $1,464 O d. $1,587 e. $1,265 Skagway Company purchases a machine on 1/1/17. The four Annual Payments will be $1,000 each January 1, beginning 1/1/17 through 1/1/20 inclusive. Interest Rate is 8% compounded annually. What is the approximate true cost of the machine? Select one: O a. $3,312 o b. $3,723 O c. $3,673 O d. $4,546 O e. $3,577 Hyde Park Company purchases a machine and agrees to pay five $1,000 annual installments beginning on the purchase date. The computation to determine the true cost of the machine is based on the Select one: a. Future Value of Annuity o b. Present Value of Annuity c. Future Value of Annuity Due d. Present Value of Annuity Due