To start his 3d printing business, Jackson purchased a 3D printing machine for $8,000. He currently has two major projects that will pay him $5,000 at the end of year 2 and $7,000 at the end of year 8. He will maintain the equipment at the end of year four for $2,000. The machine has a salvage value of $1,000 in year ten. Using an interest rate of 10%
a. Draw the cash flow diagram
b. Write the equation to calculate the future worth of the cash flow using ONLY the compound interest tables formula using the format F = P(F/P,i,n).
c. Calculate the future worth.