Question 19 A deposit of $2,000 is planned for the end of each year into an account paying 8% per year compounded annually. The deposits were not made for the tenth and eleventh years. All the other deposits were made as planned. What amount will be in the account after the deposit at the end of year 20? $83,824 $75,206 $79,350 $81,128 Question 20 You borrow $8,000 at 6 percent per year and will pay off the loan in three equal annual payments starting one year after the loan is made. The end-of-year payments are $2,992.88. Which of the following statements are true for your payment at the end of year two? Interest = $329 and Principal = $2,664 Interest = $155 and Principal = $1,749 Interest = $480 and Principal = $2,513 Interest = $170 and Principal = $2,825 Question 21 The first cost (unadjusted basis) of a piece of equipment is $30,000. Its salvage value is $3,000 after four years of use. The operating expenses for the machine are $4,000 per year. The annual income is $7,000 per year. The machine qualifies as a 3-year MACRS property. The it, and depreciation recapture rate are 25%. What is the CFAT for year two? $4750 $5056 $5584 $3361