Acommon standard of significant change is 10%. a project’s first cost is $20,000, the expected life is 15 years, and the interest rate is 8%. a) how large must the salvage value be so that its pw is 10% of the first cost? b) if the salvage value is $4,000, how short must the life be so that the salvage value’s pw is 10% of the first cost? c) if the salvage value is $4,000, how low must the interest rate be so that the salvage value’s pw is 10% of the first cost?

1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%