Annual maintenance costs for a machine are P1,500 this year and are estimated to increase 10% each year every year. What is the present worth of the maintenance cost for six years? a) if i = 8%b) if i = 10%c) if i = 12%

I borrowed $25,000 with an add-on rate, 4% for two years and I have to make weekly payments. Using this information, determine the amount of weekly instalment I will be making. a) Between $234 and $245 b) None of the answers is correct c) Between $254 and $265 d) Between $334 and $345 e) Between $354 and $365

Before last year, Ellie (Luke's wife) taught music and earned $30,400. She also earned $9,600 by renting out their basement as a studio apartment. Ellie saves every month. At the end of a typical year she would have saved a total of 10% from her wages and the income earned from the basement for the entire year, and earned a total of 0.5% in interest (for the entire year). At the beginning of last year, Ellie stopped teaching music. She also stopped renting out their basement, and began to use it as the office for her new web design business. The balance on her savings account was $150,000, and she took $5,000 from this account to buy a new laptop computer and a new printer (which also functions as a scanner and a facsimile). She also borrowed $12,000 from the local bank to purchase additional machinery and equipment (a graphics tablet, desktop computer, studio camera and an external hard drive). Her loan payment is $250 per month. During last year, she paid $3,000 for the lease of a…

How much money would have to be placed in a saving account each year to replace machine costing $10,000 today at the end of 10 years if i= 10% annual interest rate compounded yearly and if the first cost of the machine is assumed to increase at a 6% rate? Assume the salvage value is zero. a) $1,340 b) $2,030 c) $1,510 d) $1123