QUESTION 13 The first-year maintenance cost or a new automobile is estimated to be $1000, and it increases at a uniform, rate of 5% per year. Using an 10% interest rate, calculate the present worth of cost of the first 10 years of maintenance. PW is between $ 7000 and $ 8000 PW is between $ 9000 and $ 10000 PW is between $ 8000 and $ 9000 PW is between $ 6000 and $ 7000 QUESTION 14 Selection of project based on present worth (PW): For mutually exclsive projects which one should be selected? $ 15000 s-5000 5000 $10,000 Hamed decides to invest in a moving company. He spends 500,000 AED to buy a large truck and he starts making an annual profit of 92,500 AEDyr for ten years. After the 10 years he sells the truck for 50,000 AED. Based on a 10% interest rate, Answer 2 decimals, no commas: Problem What single sum att 0 is equivalent to the investment? What single sum at t 10 is AED equivalent to the investment? What uniform annual series over AED the 10-year period is equivalent to the investment? AED 20 QUESTION 12 Khaleefa deposits 20,000 Dh per year for 5 years in a savings account that pays 7% compounded annually. 2 years after th last deposit, the interest rate increases to 8% compounded annually. An additional deposit of 3 after the interest rate changes to 8%. 0,000 Dh is made immediately Answer 2 decimals, no commas: Question Money in account at year 5? Answer Dh. Dh. Money at account at year 7? Money after additional deposit? Dh Money in account at year 14: Dirh QUESTION 9 How much must you deposit, today, in order to accumulate $1,000,000 in 6 years, if you earn your investment? Perform your calculation first using a formula and then using the tables provided. Answer to 2 decimals, no commas. Problem Statement Using the formula 8% compounded annually on Answer Using the tables: Difference in above two answers QUESTION 10 If you deposit, today, $6,000, in order to accumulate $10,000 earning 8%, simple Interest for how long should you invest the money? Answer 2 decimals, no commas: Symbols Amount (S) Time (years)