A device that costs P50,000 at the start of the year loses 10% of its value each year. Find out how much a book is worth when it is 10 years old
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A device that costs P50,000 at the start of the year loses 10% of its value each year. Find out how much a book is worth when it is 10 years old.
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- What is the book value of a $3000 computer after 5 years ?A laptop computer is purchased for $3900. Each year, its value is 80% of its value the year before. After how many years will the laptop computer be worth $900 or less? (Use the calculator provided if necessary.) Write the smalest possible whote number answer. yearsA small business has determined that the machinery they currently use will wear out in 17 years. To replace the new machine when it wears out, the company wants to establish a savings account today. If the interest rate on the account is 1.1 percent per quarter and the cost of the machinery will be $255,000, how much will the company have to deposit today?
- You want to be able to withdraw $25,000 each year for 20 years. Your account earns 10% interest. A.How much do you need in your account at the beginning? b) How much total money will you pull out of the account? c) How much of that money is interest?You want to be able to withdraw $45,000 each year for 25 years. Your account earns 10% interest.a) How much do you need in your account at the beginning?b) How much total money will you pull out of the account?c) How much of that money is interest?4. You wish to purchase a house that costs $294,000, and the bank requires you to have 12% of the purchase price as a down payment. Your annual salary is $44,000 and you can save 18% of this salary every year. How long will it take for you to save for the required down payment? about _____ years?
- you want to be able to withdraw $30000 each year for 20 years. Your account earns 9% interest. a) How much do you need in your account at the beginning?  b) how much total money will you pull out of the account? c) how much money is interest?If a person spends $10 a week on coffee (assume $500 a year), what would be the future value of that amount over 10 years if the funds were deposited in an account earning 4 percent?Allan buys a cellphone costing Php. 13,000. What is its value after 4 years if the rate of depreciation is 20% per annum?
- You want to save money from your businessoperation to replace a truck that has been used indelivery. The truck will be replaced after 12 yearsfrom now and the replacement cost would be about$60,000. If you earn 5% interest on your savings,how much must you deposit at the end of each yearto meet the needs?You want to be able to withdraw $35,000 each year for 30 years. your account earns 6% how much do you need in the account at the beginning? How much money will you pull out of the account? How much of that money is interest?A company needs to buy a building in 4 years, and must fund the down payment from its profits. The purchase will cost $280,000, of which the company can finance (borrow from the bank) $200,000 at 7%. If the company must make the purchase in 4 years and can receive 7% APR on its savings compounded annually, how much must the company save each year to have the required down payment in 4 years?