# At an interest rate of 10% per year, expenditures of \$1,000

At an interest rate of 10% per year, expenditures of \$1,000 in years zero, three and six could beâ€¦ Show more At an interest rate of 10% per year, expenditures of \$1,000 in years zero, three and six could be replaced by a single investment in year eight nearest to: Select one: A. \$3,621 B. \$3,964 C. \$4,964 D. \$5,721 Question 2 Not yet answered Marked out of 1.00 Flag question Question text In order to have money for their sonâ€™s college education, a young couple started a savings plan into which they made intermittent deposits. They started the account with a deposit of \$2,000 (in year zero) and then added \$3,000 in years two, five and six. The amount they had in the account in year ten if they earned interest at 12% per year was nearest to: Select one: A. \$15,170 B. \$17,320 C. \$20,913 D. \$23,647 Question 3 Not yet answered Marked out of 1.00 Flag question Question text The costs of fuel for a smelting operation are expected to be \$50,000 in year three, \$52,500 in year four and amounts increasing by 5% per year thereafter through year ten. At an interest rate of 8% per year, the present worth of the fuel cost is nearest to: Select one: A. \$190,400 B. \$204,600 C. \$277,900 D. \$336,300 â€¢ Show less

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