The following is the schedule for the maintenance cost of a machine:

Years                          cost

0                              $ 0

1                                100

2                                300

3                                500

4                                700

5                                900

6                              1100

7                              1300

The amount to be deposited in an account today to pay for all future maintenance can be expressed as follows: (Assumes an interest rate of 3% per year)?

A) 100 (P / A, 3%, 7) + 200 (P / G, 3%, 7)

B) 100 (P / F, 3%, 7) + 200 (P / A, 3%, 7)

C) 100 (F / P, 3%, 7) + 200 (P / G, 3%, 7)

D) 100 (P / G, 3%, 7) + 200

Answer rating: 100% (QA)

Answer B 100PIF37 200 PIA 317 Explanation 1... View the full answer