Question 1: What will $1,130 amount to in 5 years at 5% interest?
Question 2: What is the present value of $10,000 due in 11 years time at 5% compound interest?
Question 3: The power cost of running a pump is $1,900 per year; determine the present value of this expenditure over 15 years at 6% interest.
Question 4: A machine is purchased for $50,000 and costs $30,000 per year in electrical and maintenance costs. The estimated life is 15 years and interest is at 6% compound. What is the total annual cost of this machine?
Question 5: A bank offers an annual interest rate of 10% compounded continuously for savings in excess of $1000 or more deposited for over 2 years. If $1642 is deposited on the first of January 1999 how much would this amount to in July 2001?
Question 6: If income from the sales of an item occurs continuously at the rate of $17,000 per year and is immediately deposited into an account that yields 12% per year, compounded continuously, how much would accumulate at the end of 3 years?