[A\' \' dow Help 4) 42% Mon 7:53 PM filu.blackboard.com Question 5 4 out of 4 po

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[A' ' dow Help 4) 42% Mon 7:53 PM filu.blackboard.com Question 5 4 out of 4 points A savings account is set up to provide $5,000 in 6 years. If the interest is 6 percent per year compounded annually, each equal end-of-year deposit should be: Question 6 4 out of 4 points st nearyt A machine costs $5000, salvage value-$1000 with N = 5 years use Double decining balance depreciation method to find its Book value of year 5 Question 7 4 out of 4 points What is the rate of return (or 96 rate of interest) on S5.000 today that is worth $10,000 in 15 years? Question8 4 out of 4 points s, Sa e-$10,000 and its operating and maintenance Find the total equivalent unit anual cost EUA cost $9000/year. Answer: (most nearly) of the wing project First cost-$40,000, n = 20 age v Question 9 4 out of 4 points A machine costs $5000, salvage value -$1000 with N - 5 years. Use Triple declining balance depreciation method to find its depreclation charge of year 2 most nearly 0 out of 4 points Question 10 Find the benefit cost ratio of the government pro ect which has an lnit al cost-$30,000, uniform annual be efit-4850 and salvage value-25000, n-8 years and MARR a 894 4 out of 4 points Question 11 A man is retiring with $250,000 in the bank. He plans on spending $30,000 a year for the rest of his life. What is the interest rate he needs to make this happen? 0 out of 4 points Question 12 How long wil it take a sum of money to double in value it it is invested at 10 percent per year compounded sermiannually? F8 F9 F1O ok 4 5 Y.

Explanation / Answer

(Question 5)

If each annual deposit be D, then

$5,000 = D x F/A(6%, 6)

$5,000 = D x 6.9753

D = $5,000 / 6.9753 = $716.82

(Question 6)

Straight line method (SLM) depreciation rate = 1/N = 1/5 = 0.2

Double-declining balance (DDB) Depreciation rate = 2 x SLM rate = 2 x 0.2 = 0.4

DDB Depreciation schedule is as follows. DDB method ignores salvage value.

NOTE: As per Chegg answering guideline, first 2 questions are answered.

Year Beginning-of-Year Book Value ($) Depreciation rate ($) Annual depreciation ($) End-of-year Book value ($) 1 5,000 0.4 2,000 3,000 2 3,000 0.4 1,200 1,800 3 1,800 0.4 720 1,080 4 1,080 0.4 432 648 5 648 0.4 259 389

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