Question: 3 4 1 point The table shows an annual deposit schedule in an account that accrues 5% annually. Note that the deposit in Year 6

3 4 1 point The table shows an annual deposit schedule in an account that accrues 5% annually. Note that the deposit in Year 6 is skipped. What's the present value of the deposits? End of Year 6 1 2 3 4 5 6 7 8 Type your answer... Amount 10,000 12,000 14,000 16,000 18,000 0 22,000 24,000 1 point A worker begins saving for retirement in a retirement account that pays 9% annual interest rate compounded monthly. The worker pays $100 in the account at the end of the first month, and increases contribution each month by 1%. What's the amount of money in the account after 10 years of payment into the account? Type your answer... 5 1 point A worker begins saving for retirement in a retirement account that pays 9% annual interest rate compounded monthly. The worker pays $100 in the account at the beginning of the first month, and increases contribution each month by 1%. What's the amount of money in the account after 10 years of payment into the account? Type your answer... --DO --- 1 point A company buys a CNC machine and will spend $5000 on supplies and maintenance by the end of the first year. It expects its expenditure on supplies and maintenance to escalate by $1000 for each year. The expected life of the machine is 10 years. How much money should the company set aside today for supplies and maintenance for the machine in an account that accrues 6% per year? Type your answer... --D
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