Q1. The Mechanical Engineering department has a student team that is designing a formula car for national

competition. The time required for the team to assemble the first car is 100 hours. Their improvement (or

learning rate) is 0.8, which means that as output is doubled, their time to assemble a car is reduced by

20%. Use this information to determine

(a) The time it will take the team to assemble the 10th car.

(b) The total time required to assemble the first 10 cars.

(c) The estimated cumulative average assembly time for the first 10 cars.

Q.3. a.What is the future equivalent of $1,000 invested at 6% simple interest per year for 3 years?

b. You just inherited $10,000. While you plan to squander some of it away, how much should you

deposit in an account earning 5% interest per year if you'd like to have $10,000 in the account in

10 years?

Q.6 A laser surgical tool has a cost basis of $200,000 and a five-year depreciable life. The estimated SV of

the laser is $20,000 at the end of five years. Determine the annual depreciation amounts using the SL

method. Tabulate the annual depreciation amounts and the book value of the laser at the end of each year.