1. A person deposits $5000 into an account which pays interest at a rate of 8% per year. The  amount in the account after 10 years will be?

2.  A chemical engineer believes that by modifying the structure of a certain water treatment  polymer, his company would earn an extra $5000 per year. At an interest rate of 10% per year,  how much could the company afford to spend now to just break even over a 5 year project period?

Answer rating: 100% (QA)

1 To calculate the amount in the account after 10 years with an 8 interest rate you can use the com... View the full answer