For the cash flow diagram shown, the future worth in year 4 is closest to:
(a) <$2800
(b) $2915
(c) $3735
(d) $5219
 FIGURE 1.png)
P1 = 470(P/A,7%,6) – 50(P/G,7%,6)
= 470(4.7665) – 50(10.9784)
= $1691.34
F4 = 1691.34(F/P,7%,7) + 200
= 1691.34(1.6058) + 200
= 2715.95 + 200
= $2915.95
Answer is (b) $2915
You might also like to view...
In many of the mountainous regions of the world, soil was formed by the action of
What will be an ideal response?
What can occur if the transmission dipstick is not tightened securely?
A) Air can leak into the transmission B) Air can escape from the transmission C) Water can enter the transmission D) Both A and B
When comparing the safety of LEDs versus incandescent lamps used as brake lights, which of the following is correct?
A. LEDs require more maintenance B. cost of LEDs is greater over lifetime of chassis C. LEDs illuminate more rapidly D. LED tail lights consume more current
Rank the following building types in order of their need for mechanical and electrical space (low-to-high).
A. ________ Research laboratory. B. ________ Office. C. ________ Hotel. D. ________ Hospital