Q$4$ i$)3,500$ was invested for $5$ years at $4\%.$ Find the future amount if interest is compounded

a$.$ Annually

b$.$ Semi annually

c$.$ Quarterly

d$.$ Monthly

e$.$ Daily

ii$)$ Equipment had an initial value of $10,000$ and was expected to last $4$ years.

a$.$ Using the straight line method find the annual depreciation if the scrap value is $1,500$

b$.$ Using the reducing balance method find the deciated value if rate of depreciation is $2\%$

iii$)$ a project has an initial outlay of $1,000$ and has the following projected cash flows:

Year Cash flow

$650$

$350$

$200$

Evaluate the project under

a$.$ Pay back method

b$.$ Average rate of return

c$.$ Net present value using interest rate of $5\%$