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You are saving for a car that you plan to purchase in five years. You plan to put $3.300 in savings which earns 9%, compounded
You are saving for a car that you plan to purchase in five years. You plan to put $3.300 in savings which earns 9%, compounded annually at the end of each year until then. How much will you have saved for the car at the end of the five years? (Future Value of $1. Present Value of 51 Future Value Annuity of $1. Present Value Annuity of 51.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) Multiple Choice o O S18,350 o O S16,500 o O s19750 o 524 190 Newport Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of 5201,600. The equipment will have an initial cost of $902.400 and have a 6-year life. There is no salvage value for the equipment. If the hurdle rate is 10%, what is the internal rate of return? Ignore income taxes. Future Value of $1. Present Value of 51. Future Value Annuity of 51 Present Value Annuity of 51.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount) Multiple Choice less than zero Between 6% and 8% O Between 10 and 125 ooo Between 8% and 10%
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