! Required information Demco Products, a company that manufactures stainless steel control valves, has a fund for equipment replacement that contains $500,000. The company plans to spend $85,000 each year on new equipment. Use the NPER function to determine the exact number of years for an interest rate of 7.00%. (Round the final answer to three decimal places.) The exact number of years is 5.739

Troy Long wishes to deposit a single sum of money into a savings account so that five equal annual withdrawals of $2000 can be made before depleting the funds. If the first withdrawal is made in year 1 after the deposit and if the bank provides an interest rate of 5% per year, how much money should be deposited now? What if Troy decides to withdraw all that he has deposited in the bank now, 5 years later, how much money should he expect to get with an interest rate of 5%? I 2.

Suppose you start saving for retirement when you are 30 years old. You invest $5,000 the first year and increase this amount by 2% each year to match inflation for a total of 15 years. The interest rate is 7% per year. How much money will you have saved when you are 45 years old? Click the icon to view the interest and annuity table for discrete compounding when i = 2% per year. Click the icon to view the interest and annuity table for discrete compounding when i= 7% per year. When you are 45 years old, you will have saved $ (Round to the nearest dollar.)

The profit that Johnny got from selling fish have increased at a constant rate of P1100 in each of the last 3 years. If this year’s profit (end of year 1) is expected to be P6000 and the profit trend continues through year 5, a.)  Draw a cash flow diagramb.) what will the profit be at the end of year 5c.) what is the present worth of the profit at an interest rate of 8% per year?

4. Find the future worth in year 10 of an investment that starts at P8000 in year 1. The interest rate is 10% per year.

You have received a loan worth $ 380000.This money will be paid every two months with a nominal interest of 21% per year.hat will be your installment amount to pay in 36 months in 18 equal installments. Calculate using the formula.

Leon and Heidi decided to invest $2,500 annually for only the first eight years of their marriage. The first payment was made at age 20. If the annual interest rate is 8%, how much accumulated interest and principal will they have at age 65? Click the icon to view the interest and annuity table for discrete compounding when i = 8% per year. The accumulated interest and principal will equal $ (Round to the nearest dollar.)

Answer very fast..

Mr. Smith has saved $1969 each year for 20 years. A year after the saving period ended, Mr. Smith withdrew $7365 each year for a period of 5 years. In the sixth and seventh years, he only withdrew $5136 per year. In the eighth year, he decided to withdraw the remaining money in his account. If the interest rate was 6.41% per year throughout the whole period, what was the amount he withdrew at the end of the eighth year?

A new roof will cost $15,000. It will be installed in 11 years. If the interest rate is 7% per year, how much must be saved each year to accumulate $15,000 after 11 years? Click the icon to view the interest and annuity table for discrete compounding when i= 7% per year. If the interest rate is 7% per year, the amount to be saved annually is $ ง (Round to the nearest dollar.)