# 100,000 lent for 3 years. What is repayment after 3 years?

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## 100,000 lent for 3 years. What is repayment after 3 years?

Question 2:

100,000 lent for 3 years. What is repayment after 3 years?

(a) at simple i = 4.3% per year. (b) at compund i = 4.3% per year.

Question 3:

A person deposits \$5000 into an account which pays interest at a rate of 5% per year. The amount in the account after 10 years is closest to:

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Question 4:

A small company wants to make a single deposit now so it will have enough money to purchase a backhoe costing \$50,000 five years from now. If the account will earn interest of 5% per year, the amount that must be deposited now is nearest to:

Question 5:

A chemical engineer believes that by modifying the structure of a certain water treatment polymer, his company would earn an extra \$5000 per year. At an interest rate of 5% per year, how much could the company afford to spend now to just break even over a 5 year project period?

Question 6:

An industrial engineer made a modification to a chip manufacturing process that will save her company \$10,000 per year. At an interest rate of 8% per year, how much will the savings amount to in 7 years?

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Question 7:

At i = 5%, find P at year 0 , F at year 6, A (from year 1 to 6)

P0 = ? i = 5%

0 1 2 3 4 5 6

A = \$10,000

P0

F6

A(1-6)

Question 8:

How much money will be in an account in 5 years if \$10,000 is deposited now at an interest rate of 2% per month? Use two different interest rates: (a) monthly, (b) yearly

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