Ken Francis is offered the possibility of investing $7,325 today; in return, he would receive $19,000 after 10 years. What is the annual rate of interest for this investment? (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "PV of a single amount" to 4 decimal places and percentage answer to the nearest whole number.) Present Value / Future Value p(PV of a Single Amount) Interest Rate / % On January 1, the Matthews Band pays $68,400 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $1,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that this equipment will last only a total of three years. The salvage value is not changed. Compute the revised depreciation for both the second and third years. Book value at point of revision Remaining depreciable cost Depreciation per year for years 2 and 3 Claire Fitch is planning to begin an individual retirement program in which she will invest $3,300 at the end of each year. Fitch plans to retire after making 30 annual investments in the program earning a return of 9%. What is the value of the program on the date of the last payment (30 years from the present)? (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "FV of an Ordinary Annuity" to 4 decimal places and final answer to the nearest whole dollar.) Periodic Cash Flow X f(FV of an Ordinary Annuity) Future Value