The cost of utilities (e.g. water and electricity) of a company is expected to increase at a rate of $500 per year. Determine how many years it will take for the equivalent annual cost to be $18,000 if the interest rate is 5% per year and the cost at the end of next year (Year 1) is $10,000. Plz do fast asap
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- Conestoga Plumbing plans to invest in a new pump that is anticipated to provide annual savings for 10 years of $50,000. The pump can be sold at the end of the period for $100,000. What is the present value of the investment in the pump at a 9% interest rate given that savings are realized at year end?Environmental recovery company RexChem Partners plans to finance a site reclamation project that will require a 4-year cleanup period. If the company borrows $4.1 million now, how much will the company have to get at the end of each year in order to earn 15% per year, compounded quarterly on its investment? Additionally, what is the spreadsheet function?A company can earn 8.5% on amount deposited now. For an IT project, the company predicts to have these components costs: Yearl $25,000 Cost associated with year 1 reduced by 21% Cost associated with year augmented by 3% Year2 Year6 How much money should the company deposit now. At the end of each year, try to analyze the balance (the available amount of money against the inflow).
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