Pete Air wants to buy a used Jeep in 4 years. He estimates the Jeep will cost $17,200. Assume Pete invests $12,200 now at 8% interest compounded semiannually. a. Calculate the maturity value of the investment. (Do not round intermediate calculations. Round your answer to the nearest cent.) b. Will Pete have enough money to buy his Jeep at the end of 4 years

Russell's is considering purchasing $697,400 of equipment for a four-year project. the equipment falls in the five-year macrs class with annual percentages of .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. at the end of the project the equipment can be sold for an estimated $135,000. the required return is 13.2 percent and the tax rate is 23 percent. what is the amount of the aftertax salvage value of the equipment assuming no bonus depreciation is taken