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ii Current Attempt in Progress Charles and Susan Garfield invested $8,000 in a savings account paying 7% annual interest when their daughter, Angela was born.
ii Current Attempt in Progress Charles and Susan Garfield invested $8,000 in a savings account paying 7% annual interest when their daughter, Angela was born. They also deposited $1,000 on each of her birthdays until she was 18 (including her 18th birthday). Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much was in the savings account on her 18th birthday (after the last deposit)? (Round answer to 2 decimal places, eg. 25.25.) Amount on 18th birthday $ e Textbook and Media Assistance Used e Textbook Save for Later Attempts: 0 of 5 used Submit Answer 2 it View Policies Current Attempt in Progress Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) What is the present value of $31,000 due 12 periods from now, discounted at 12%? (Round answer to 2 decimal places, eg. 25.25.) Present value $ (b) What is the present value of $31,000 to be received at the end of each of 5 periods, discounted at 10%? (Round answer to 2 decimal places, e.g. 25.25.) Present value $ Assistance Used e Textbook and Media Attempts: 0 of 5 used Submit Answer Save for later View Policies -12 = Current Attempt in Progress Charles and Susan Garfield invested $8,000 in a savings account paying 7% annual interest when their daughter, Angela, was born. They also deposited $1,000 on each of her birthdays until she was 18 (including her 18th birthday). Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much was in the savings account on her 18th birthday (after the last deposit)? (Round answer to 2 decimal places, e.g. 25.25.) Amount on 18th birthday $ e Textbook and Media Assistance Used Save for Later Attempts: 0 of 5 used Submit Answer Blossom Company is considering three long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each project are as follows. Project Bono Project Edge Project Clayton Capital investment $168,000 $183,750 $202,000 Annual net income: Year 1 14,700 18,900 28,350 2 14,700 17,850 24.150 3 14,700 16.800 22.050 4. 14.700 12.600 13,650 5 14.700 9.450 12,600 Total $73,500 $75,600 $100.800 Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital is 15%. (Assume that cash flows occur evenly throughout the year) Click here to view PV table Question 3 of 3 -/16 4 14.700 12,600 13,650 5 14,700 9,450 12,600 Total $73,500 $75,600 $100.800 Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital is 15%. (Assume that cash flows occur evenly throughout the year) Click here to view PV table (a) Compute the cash payback period for each project. (Round answers to 2 decimal places, eg. 10.50) Project Bono years Project Edge years years Project Clayton
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