Question $3$

$10pts$

The Atlantic Medical Clinic can purchase a new computer system that will save $$9,000$ annually in billing costs. The computer system will last for eight years and have no salvage value. What is the maximum Atlantic can spend on this computer system if the clinic's required rate of return is $11\%?$

$$30,405$

$$46,315$

$$56,041$

$$72,000$

Question $4$

$10pts$

In four years, when he is discharged from the Marine Corp, Bill wants to buy a $$10,000$ motorcycle. What lump sum amount must Bill invest to have the $$10,000$ at the end of four years if he can invest at $7\%$

$$7,629$

$$9,526$

$$10,668$

$$13,108$