Suppose you expect to increase the amount of tractors your tractor manufacturing company sells at 9% per year for the next ten years.  If you currently sell 500 tractors a year, how many tractors will you be selling in ten years?   1. 1,350   2. 990   3. 1,183   4. 1,422   5. 1,052

Q: As an engineer, you plan to put aside 20% of your yearly income. You expect to make Php1 million in…

A: Save 20% of Yearly Income Income in first year = 1,000,000 Savings in first year = 20% * 1,000,000 =…

Q: If you pay $500 each year into an account that grows at 14% per year, how much will you have in the…

A: An annuity is end of year deposits made over a period of time at a specified rate of interest.The…

Q: The annual income from an apartment house is $33,600. The annual expense is estimated to be $8000.…

A: Return on investment = 6% = 0.06 Initial investment = $349,000 Annual net income = Annual income -…

Q: If you have $10,000 today, and save $12,000 per quarter year at the end of the quarter while earning…

A: In the given question we need to compute the number of quarters required to accumulate $100000 if we…

Q: You need to have $150,000 in 10 years to buy a house. You already have $70,000. What would be the…

A: The rate required to earn the future value using the present value is the compounding rate.

Q: You have $15,000 that you want to invest.  You expect your investment to yield 7% annual growth…

A: Lumpsum Investment  $   15,000.00 Monthly Investment  $        250.00 Interest Rate 7% Time…

Q: How much will you have in 40 years if you save $3,000 each year and your account earns 8% interest…

A: In the given question we require to calculate the future value of payment made every year of $3000…

Q: what is the amount of these 4 investment payments?

A: The annual payment will be made at the end of year 4 and year 5. The value of these payments at the…

Q: Today you have $100,000 in your investment account, which will grow by 7.5% annually. If you keep…

A: Monthly interest rate = Annual interest rate / 12 = 0.075/12 = 0.00625 The number of months it takes…

Q: How much must you save each year

A: The worth of today’s dollar at a future date is the future value of the dollar. For example, the…

Q: If you earn $2650 per month and you expect your earnings to increase by 7.2% per year, how much do…

A: PV =$2650r = 0.072n = 4FV =?

Q: A company plans to buy new equipment in 6 years. They will start by saving $3,091 at the end of this…

A: The given answer is correct

Q: Suppose that you drive 24,000 miles per year and gas averages $4 per gallon. a. What will you save…

A: This is a case of financial analysis of fuel costs. Fuel costs depends on two factors – no. of miles…

Q: 6. You plan to retire 40 years from now. Assume the following: you will live for 40 years after…

A: The Present Value of a growing annuity: The estimated annual income required during the retirement…

Q: Your firm needs to invest in a new delivery truck. The life expectancy of the delivery truck is five…

A: In this case, firstly APR will be converted into an effective rate according to the quarterly…

Q: How much will you need to save per day to have $22,000 after 14 years if your account earns 8%…

A: Given information: Future value is $22,000 Interest rate 8% compounded daily Number of years is 14

Q: How much will investment accummalate to when you save 1500 every quarter for 5 years. The market…

A: A present asset's future value, abbreviated as FV, is the value that an asset is expected to have at…

Q: You have $5000 you want to invest for the next 45 years. You are offered an investment plan that…

A: In this question, we are required to determine the future value after 45 years.

Q: Assume you invest $15,000 today. How much will you have in five years at an interest rate of​ 10%?…

A: Future value is computed as: FV=PV1+rnwhere, FV =Future valuePV =Present valuer= rate of interestn=…

Q: A company plans to buy new equipment in 25 years. They will start by saving $1,370 at the end of…

A: Saving at the end of year = $ 1370 Annual growth rate = 3.5% Annual interest rate = 15.3% Period =…

Q: How many years will it take for $14,000 to grow to $43,000 if you can earn an average rate of 8.8%…

A: Given information: Future value of amount is $43,000 Present value is $14,000 Average rate is 8.8%

Q: quarterly

A: Introduction: The amount that would be in the account at the end of a particular time period is…

Q: Assume you can earn 12% annually on your investment. How much money would you need to save each week…

A: Here, Interest Rate earned is 12% Future Value required is $1,000,000 Compounding Period is Weekly…

Q: A math tee shirt business is expected to generate $19,000 in revenue per year for the next 10 years.…

A: Future value is the amount that a sum of money grows into future. The growth comes due to…

Q: You want to build a house in 12 years. You estimate that the total cost will be $350,000. If you can…

A: The required rate of return is the rate at which the investment should grow to meet the desired…

Q: Your firm rents office space for P250,000 per year, due at the BEGINNING of each year. If your…

A: The present value of the annuity due is the current worth of a cash flow series starting at the…

Q: How much must you save each year

A: The worth of today’s dollar at a future date is the future value of the dollar. For example, the…

Q: Ssume you are buying an apartment with $ 500,000. Consider you make 8% per year (i=8%) on this…

A: Capital recovery amount is that amount which should be recovered.

Q: You want to expand your business by investing $18500 now. How much do you have to pay if you decided…

A: Future Value is the value of the current assets or some amount that is invested today and amount…

Q: A company plans to buy new equipment in 6 years. They will start by saving $3,091 at the end of this…

A: Saving at the end of year = $ 3091 Annual growth in saving = 14.9% Annual interest rate = 17.8%   To…

Q: Please use excel and explain how you solved it step by step thank you How much income should an…

A: The equivalent annual return is the periodic payment made towards the acquisition of an asset or…

Q: You need $6,000 to buy new furniture. If you have $1,000 invest today at 8% compounded annually, how…

A: In this question we need to compute the number of years i.e. time period.This question is based on…

Q: Suppose you invest $1000 at 6% per annum compounded annually. Approximately how many years would it…

A: In the given question we require to calculate the the number of years in which $1000 will become…

Q: How much time will it take you to accumulate $500,000, assuming you invest $15,000 today and $150 /…

A: The time value of money concept states that the value of a certain amount of money on the future…

Q: Suppose you need $1,000 in one year and $2,000 more in two years. If you can earn 9%, how much do…

A: The objective of the question is to find out the present value of the future cash flows. In this…

Q: An apartment property is expected to generate a rental income of $255,000 in year 1 that will grow…

A: Present value = Future value x PVFPVF or Present Value Factor = 1/ (1+i)^twherei = discount rate =…

Q: You plan to buy some undeveloped land that should sell for $285,000 in seven years. What is the most…

A: In this question we need to calculate the most you can pay for the undeveloped land which has future…

Q: If you invest $56,000 today in an account that pays 8.3% a year, how much will you have in 31 years?…

A: Present Value, PV = $56,000 Interest rate, r = 8.3% Number of periods, n = 31 yearsThe future value…