On january 1, 2017, kline company decided to begin accumulating a fund for asset replacement five years later. the company plans to make five annual deposits of $60,000 at 9% each january 1 beginning in 2017. what will be the balance in the fund, on january 1, 2022 (one year after the last deposit)? the following 9% interest factors may be used.
present value of future value of
ordinary annuity ordinary annuity
4 periods 3.2397 4.5731
5 periods 3.8897 5.9847
6 periods 4.4859 7.5233

a. $391,399
b. $359,082
c. $327,000
d. $300,000

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ

Double corporation acquired all of the common stock of simple company for

Quick computing currently sells 12 million computer chips each year at a price of $19 per chip. it is about to introduce a new chip, and it forecasts annual sales of 22 million of these improved chips at a price of $24 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 6 million per year. the old chips cost $10 each to manufacture, and the new ones will cost $14 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (enter your answer in millions.)