From the following facts prepare a depreciation schedule: Machine cost Residual value $30,000 $2,000 Expected to produce 56,000 units over its expected life Units produced 2013 1,000 2013 2014 2015 2016 6,000 4,000 2,000 2,500 Polly Flin borrowed $4,000 for 60 days at 4%. On day 15, Polly made a $700 partial pay- ment. On day 40, Polly made a $2,000 partial payment. What is Polly's ending balance due under the U.S. Rule (assuming a 360-day year)? Bob Fry wants to buy his grandson a Ford Taurus in 4 years. The cost of a car will be $28,000. Assuming a bank rate of 4% compounded quarterly, how much must Bob put in the bank today