A construction management company is examining its cash flow requirements for the next 7 years. The company expects to replace software and in-field computing equipment at various times over a 7year planning period. Specifically, the company expects to spend $6000 one year from now, $9000 three years from now, and $10,000 each year in years 6 through 10. What is the future worth in year 10 of the planned expenditures, at an interest rate of 12% per year?
What will be an ideal response?
F = 6000(F/P,12%,9) + 9000(F/P,12%,7) + 10,000(F/A,12%,5)
= 6000(2.7731) + 9000(2.2107) + 10,000(6.3528)
= $100,063
You might also like to view...
What part should be replaced when servicing a wheel bearing on a non-drive wheel?
A) The bearing cup B) The cotter key C) Both the grease seal and the cotter key D) The grease seal
The relay logic and truth table shown in Figure 4 represents a(n) _____.
a. AND function
b. OR function
c. NOR function
d. NAND function
Steering linkage parts are locked together by wedging them against each other with beveled connections called "____________________."
Fill in the blank(s) with the appropriate word(s).
Eight resistances are connected in series as shown. The unit of measure for resistance is the ohm. The resistance in a series circuit is the sum of all resistances in that circuit. Find the total amount of resistance in the circuit.
A.
B.
C.
D.