Please correct answer and don't use hand rating A software company that installs systems for inventory control using RFID technologyspent $600,000 per year for the past 3 years in developing their latest product. Thecompany optimistically hopes to recover its investment in 5 years on a single contractbeginning immediately (year O). The company is negotiating a contract that will pay$290,000 now and a to-be-agreed-upon annual increase of a constant amount each yearthrough year 5. How much must the income increase (an arithmetic gradient) each year ifthe company wants to realize a return of 9.00% per year? (Round the final answer to threedecimal places.)The income must increase by $ 65984.7622 ☑

Answered: A software company that installs…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Josh and Ann are saving up for their daughter’s college education. Seventeen years from today, they will have to pay $21,000 for her first year of school. Each year after that, the cost will rise by 4% per year. If their daughter takes 5 years to graduate, how much must they set aside every year from now UNTIL SHE GRADUATES to pay for her education? Assume they can earn 6% per year on their savings. You must draw a correct cash flow diagram.
Azero coupon bond will be worth $11,000 when it matures and is redeemed ater 13 years How much would an investor be wiling to pay now for this bond ifa 3% per year yield is desed Click the icon to view the interest and annuity table for dacrete compounding when /3% per yea The current worth of the bond is Round to the nearest dolar)
need fast comp sol
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Calculate the future value of an annuity of $400 invested every year at 6.6% co. continuously for 5 years starting one year from now.
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Mr. Juan dela Cruz borrowed P 1,000 and was able to sign a promissory note that he would pay P 2,032.79 after 4 years. What is the value of the present worth factor?

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