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---- ------- Goderich Automotive (GA) wants to donate a vacant lot next door to its plant to the city for use as a public park
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Goderich Automotive (GA) wants to donate a vacant lot next door to its plant to the city for use as a public park and ball field. The city will accept only if GA will also donate enough funds to maintain the park indefinitely. The estimated maintenance costs are $18,000 per year and interest is 6 percent. How much must GA donate? GA must donate $ (Round to the nearest dollar as needed.) Margaret has a project with a $28,000 first costs that returns $5,000 per year over its 6 -year life. It has a salvage value of $3,200 at the end of 6 years. If the MARR is 12 percent, what is the present worth of this project? Click the icon to view the table of compound interest factors for discrete compounding periods when i=12%. The present worth of this project is $ (Round to the nearest cent as needed.) Nabil is considering buying a house while he is at university. The house costs $260,000 today. Renting out part of the house and living in the rest over his five years at school will net, after expenses, $3000 per month. He estimates that he will sell the house after five years for $270,000. If Nabil's MARR is 6 percent compounded monthly, should he buy the house? Use annual worth. Click the icon to view the table of compound interest factors for discrete compounding periods when i=6% compounded monthly. Nabil buy the house because the annual worth of the house is $ per month. (Round to the nearest cent as needed.)
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