Please answer bolt ahe answer. How much must you invest now at an interest rate of 8.5% per yearcompounded annually to accumulate $200,000 after 45 years?$5,090$7,000$4,140$6,265A company will need $100,000 in five year's time to replace one ofits production lines. Assuming the company can earn 7% per yearcompound interest on its savings, how much should the company besaving at the end of each year for the next five years?O $13,380O $17,400O $18,800$16,380

Here, we will take A(amount) as 200,000 and r as 8.5% with t as 45 years and put these values into…

How much must you invest now at an interest rate of 8.5% per year compounded annually to accumulate $200,000 after 45 years? O $5,090 O $7,000 O $4,140 O $6,265 company will need $100,000 in five year's time to replace one of s production lines. Assuming the company can earn 7% per year ompound interest on its savings, how much should the company be aving at the end of each vear for the next five vears?

How much must you invest now at an interest rate of 8.5% per year compounded annually to accumulate $200,000 after 45 years? O $5,090 O $7,000 O $4,140 O $6,265 company will need $100,000 in five year's time to replace one of s production lines. Assuming the company can earn 7% per year ompound interest on its savings, how much should the company be aving at the end of each vear for the next five vears?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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