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Please answer all questions!!! Will leave a good rating!!!!!!!!!!!!!!! Project X has an initial investment of $10,000 and a residual value of $3,000 after 20
Please answer all questions!!! Will leave a good rating!!!!!!!!!!!!!!!
Project X has an initial investment of $10,000 and a residual value of $3,000 after 20 years. It will generate an annual cash flow of $2,000 for 20 years. The company's rate of return is 8%. What is the Annual Equivalent Worth of this project, to nearest $10 ? [Attached is the cash flow diagram.] Q Q Q Q A. $1,050 B. $1,250 C. $1,450 D. $1,650 For the next 3 years, you plan to set aside $200 from your monthly pay check into a savings account that will pay an interest rate of 0.3% per month. How much will be in the account after 3 years (to nearest $10 )? A. $7,220 B. $8,120 C. $7,590 D. $7,440 Reset Selection Mark for Review What's This? You are 22 years old and you want to have $1 million in your retirement account at age 50 . How much money do you need to invest each year (to the nearest $100 ), if you can get an 8% annual rate of return on mutual funds that invest in S\&P 500 stocks? A. $35,700 B. $10,500 C. $15,600 D. $20,600 ResetSelection Mark for Review What's ThisStep by Step Solution
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