Question
please show me the steps so i can understand it Expenditures for maintenance of a certain machine are expected to be $900 in year two,
please show me the steps so i can understand it
Expenditures for maintenance of a certain machine are expected to be $900 in year two, $1,400 in year five, and a uniform amount of $2,000 in years six through nine. At an interest rate of 10% per year, the present worth of the expenditures is nearest to:
A) $4,521
B) $4,973
C) $5,192
D) $5,549
Costs for maintenance of buildings at an industrial complex are expected to be $1,000 in year three, $1,200 in year four and amounts increasing by $200 per year thereafter through year nine. At an interest rate of 10% per year, the present worth of the expenditures is nearest to:
A) $5,163
B) $5,575
C) $6,133
D) $7,421
The costs of fuel for a smelting operation are expected to be $50,000 in year three, $52,500 in year four and amounts increasing by 5% per year thereafter through year ten. At an interest rate of 8% per year, the present worth of the fuel cost is nearest to:
A) $190,400
B) $204,600
C) $277,900
D) $336,300
Payments of $1,000 in year two and $4,000 in year five are equivalent to uniform payments in years three through seven at an interest rate of 10% per year nearest to:
A) $899
B) $985
C) $1,177
D) $3,732
At an interest rate of 10% per year, the length of time required from time zero to recover an initial investment of $10,000 by receipts of $1,000 per year beginning in year three is nearest to:
A) 10 years
B) 20 years
C) 100 years
D) never
The number of years from now that an initial investment of $1,000,000 would be recovered from uniform receipts of $131,000 per year beginning three years from now at an interest rate of 10% per year is nearest to:
A) 24
B) 29
C) 35
D) 40
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