The maintenance on a machine is expected to be $155 at the end of the year, then increasing by $35 each year for the next 7 years. What sum money would need to be set aside now to pay the maintenance for the 8-year period? Assume 6% interest. What is the uniform annual equivalent maintenance cost for the machine? Compute an equivalent A for the maintenance costs. An individual is considering the purchase of a used automobile. The total price $6200 with $1240 as a down payment and the balance to be paid in 48 monthly payments with interest of 12% compounded monthly. The payments due at the end of each month. Compute the monthly payment. An engineer is considering the purchase of a copy machine for his/her office. The copy machine will cost $2, 000 and have a resale value of $400 at end of its 5-year life. Having the machine in the office will reduce copy costs by $1, 000 a year. Copy machine maintenance will be $500 for the first year and will increase by $100 each year. Does the machine have any future worth if the interest rate is 6%? The CROC Co. is considering a new milling machine. They have narrowed the choices down to three alternatives in addition to the Do Nothing Alternative