Question
You have been depositing money into an account yearly based on the following investment amounts, rates and times, what is the value of that investment
You have been depositing money into an account yearly based on the following investment amounts, rates and times, what is the value of that investment account at the end of that period?
(Click here to see present value and future value tables)
Amounts of Investment | Rate | Times | Value at the End of the Period |
$7,000 | 20% | 15 years | $fill in the blank 1 |
$13,000 | 15% | 9 years | $fill in the blank 2 |
$17,000 | 12% | 6 years | $fill in the blank 3 |
$36,000 | 10% | 2 years | $fill in the blank 4 |
Q2. Julio Company is considering the purchase of a new bubble packaging machine. If the machine will provide $22,000 annual savings for 10 years and can be sold for $59,000 at the end of the period, what is the present value of the machine investment at a 12% interest rate with savings realized at year end? Round your present value factor to three decimal places and final answer to the nearest dollar.
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