Question: Burnaby Bricks Ltd. (BBL) pays cash for everything. BBL is saving to buy a machine for five different projects. Interest is compounded annually in each

Burnaby Bricks Ltd. (BBL) pays cash for everything. BBL is saving to buy a machine for five different projects. Interest is compounded annually in each of the following cases.

Required:
(a) Calculate the annual deposits that must be made at the end of each year.
(b) Calculate the annual deposits that must be made at the beginning of each year.

Bank account () Interest rate Years 25,000 5% 40,000 8% 100,000 12% 12 240,000 14% 16 500,000 16% 20

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