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It is likely that plane tickets will increase 6.5% in each of the next three years. The cost of the plane ticket at the end of the first year will be $150. How much money would need to be placed in a savings account now to have money to pay a student's travel home at the end of each year for the next 3 years? Assume savings account pay 8% annual interest. Select one: O a. $389.461 O b. $397.552 O c. $408.023 O d. $411.055A piece of machinery costs $7000 and has an anticipated $1200 salvage value at the end of its five-year depreciable life. Compute the annual depreciation of the machinery using the straight-line method. Select one: O a. $1350 O b. $1210 O c. $1160 O d. $1118Consider the following cash payments in the table below. What is the future worth? Year 1 = 200 Php Year 2 = 250 Php Year 3 = 300 Php Year 4 = 350 Php Select one: O a. 1082.234 Php O b. 1202.234 Php O c. 1106.234 Php O d. 982.234 PhpA piece of machinery costs $7000 and has an anticipated $1200 salvage value at the end of its five-year depreciable life. Compute the depreciation using the sinking fund method when money is worth 4%. Select one: O a. $1070.837 O b. $1170.437 O c. $1190.437 O d. $1090.837You borrowed money today to be paid in 8 equal payments at the end of 8 quarters. If the interest rate is 18% compounded quarterly, how much is initially borrowed if the quarterly payment is 3,500 Php? Select one: O a. 21,892.60 Php O b. 19,772.60 Php O c. 14,995.60 Php O d. 23,085.60 PhpA piece of machinery costs $7000 and has an anticipated $1200 salvage value at the end of its five-year depreciable life. Compute the depreciation on the 4th year using SOYD method. Select one: O a. $693.221 O b. $812.222 O C. $773.333 O d. $745.291Consider the following cash payments in the table below. What is the present worth? Year 1 = 200 Php Year 2 = 250 Php Year 3 = 300 Php Year 4 = 350 Php Select one: O a. 917.178 Php O b. 897.271 Php O c. 677.441 Php O d. 904.166 Php