Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You place 53,000 in a savings account at the end of each quarter for the next years. The annual interest rate is 18% compounded monthly

image text in transcribed

You place 53,000 in a savings account at the end of each quarter for the next years. The annual interest rate is 18% compounded monthly Future Smount at the end of 8 years would be DA 3272,048 B. 560,465 OC. $161 365 OD. 345,341 E $90,000 XYZ Corp purchased machine st 28.000, which will be sted for two years, and at the end of this time, have an expected salvage value of $18,000. The machine will be used 5,000 hours and 9,000 hours during the first and second years, respectively. The expected annual reveries we be 545,000 and 550.000 during the first and second years again, respectively. If your interest rate is 13%, what would be the equivalent net revenues per hour? Interest factors for discrete compounding when I 13% per year are given below. The annus equivalent niet teverdes would be DA. $10 per hour OB. 84.84 per hour OG $371 per hour OD 33.02 per hour OE $6.34 per hour

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions