Q1. Invest $15,000 in age of 35 into a saving fund. If the fund offers 7.95% nominal interest rate of return, your investment is worth how much at age 65? Q2. The total saved amount in part d above, could be made by saving monthly to a similar bank account paying only 7.25%. How much I should put every month age 35 to 65? Q 3. Alternatives are being considered for improving an operation on the assembly line along with the "keep existing" alternative. Consider equipment costs, as the annual benefits of each in comparison to the present situation. Each of Plans A, B, and C has a 11-year life and a scrap value equal to 10% original costs. Hint: Keep existing alternative will have a PW= $0.0 All costs and savings in $ Additional Equipment cost Additional Annual saving A C 14000 15000 25000 33000 13500 8000 benefits Additional Operating costs/ 8000 4000 4400 year Additional Salvage value % 10% 10% 10% 1. Draw appropriate cash flow diagram 2. Complete the Present Worth Analysis to make an economical decision 3. Keep Existing option will be alternative "D". calculate PW 4. State the decision making criteria used for the selection