can you solve this? thank you! A mechanical contractor is trying to calculate the present worth of personnel salaries over the next five years. He has four employees whose combinedsalaries thru the end of this year are $150,000. If he expects to give each employee a raise of 5% each year, the present worth of his employees' salariesat an interest rate of 12% per year is nearest to:Answer:%g or r = Blank 1 >show in decimal valuew = Blank 2 >show in decimal value (4 decimal place)POTotal = $ Blank 3Note: No need to put UOM and comma. Do not round in between solution. Final answer round to two decimal places.Blank 1 Add your answerBlank 2 Add your answerBlank 3 Add your answer

Answered: Image /qna-images/answer/9f86a78c-0a75-4391-9c8c-71de9f6bb67e.jpg

mechanical contractor is trying to calculate the present worth of personnel salaries over the next five years. He has four employees whose combined alaries thru the end of this year are $150,000. If he expects to give each employee a raise of 5% each year, the present worth of his employees' salaries an interest rate of 12% per year is nearest to: answer: 6g or r = Blank 1 >show in decimal value = Blank 2 >show in decimal value (4 decimal place)

mechanical contractor is trying to calculate the present worth of personnel salaries over the next five years. He has four employees whose combined alaries thru the end of this year are $150,000. If he expects to give each employee a raise of 5% each year, the present worth of his employees' salaries an interest rate of 12% per year is nearest to: answer: 6g or r = Blank 1 >show in decimal value = Blank 2 >show in decimal value (4 decimal place)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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