Scott wants to accumulate $2,100 over a period of 12 years so that a cash payment...

 

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Scott wants to accumulate $2,100 over a period of 12 years so that a cash payment can be made for roof maintenance on his summer cottage. To have this amount when it is needed, he will make annual deposits at the end of each year into a savings account that earns 11.5% annual interest per year. How much must each annual deposit be? O $90 $94 $109 $167 The overhead costs in a highly automated factory are expected to increase at an annual compound rate of 7.0% for the next 9 years. The overhead cost at the end of the first year is $280,000. What is the annual worth of the overhead costs for the 9-year period? The time value of money rate is 8%/year. $267,020 $359,980 $250,839 $280,000 A deposit of $1,100 is planned for the end of each year into an account paying 10%/year compounded annually. The deposits were not made for the 10th and 11th years. All other deposits were made as planned. What amount will be in the account after the deposit at the end of year 25? $99,410 $105,350 $102,210 $101,210 Scott wants to accumulate $2,100 over a period of 12 years so that a cash payment can be made for roof maintenance on his summer cottage. To have this amount when it is needed, he will make annual deposits at the end of each year into a savings account that earns 11.5% annual interest per year. How much must each annual deposit be? O $90 $94 $109 $167 The overhead costs in a highly automated factory are expected to increase at an annual compound rate of 7.0% for the next 9 years. The overhead cost at the end of the first year is $280,000. What is the annual worth of the overhead costs for the 9-year period? The time value of money rate is 8%/year. $267,020 $359,980 $250,839 $280,000 A deposit of $1,100 is planned for the end of each year into an account paying 10%/year compounded annually. The deposits were not made for the 10th and 11th years. All other deposits were made as planned. What amount will be in the account after the deposit at the end of year 25? $99,410 $105,350 $102,210 $101,210

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