For the cash flow diagram shown, the future worth in year 4 is closest to:
(a) <$2800
(b) $2915
(c) $3735
(d) $5219
P 1 = 470(P/A,7%,6) – 50(P/G,7%,6)
= 470(4.7665) – 50(10.9784)
= $1691.34
F 4 = 1691.34(F/P,7%,7) + 200
= 1691.34(1.6058) + 200
= 2715.95 +200
= $2915.95
(b) $2915
You might also like to view...
Citrus pulp makes good cattle feed
Indicate whether the statement is true or false
Researchers have discovered that certain varieties of wild tobacco contain sugar-based fatty acid compounds that act as a natural:
a. Herbicide c. Pain reliever b. Insecticide d. Fertilizer
A TP sensor is what type of sensor?
A) Piezoelectric B) Potentiometer C) Rheostat D) Voltage generating
The four dry cells are connected in series as shown. Find the total resistance. Carry the answer to three decimal places.
Fill in the blank(s) with the appropriate word(s).