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Time left 0.52-56 Quiz na Question 21 Not yet answered A vehicle is purchased for...

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Time left 0.52-56 Quiz na Question 21 Not yet answered A vehicle is purchased for $25,000 and its price is expected to drop to $4,000 after 20 years of service. Using the 150% declining balance method, what is the book value of this vehicle after 5 years of use? Do not switch to straight line depreciation 2 Marked out of 200 II 12 Flag question 2 O a $14,762 O b. $8,192 O . $ c. $8,070 d. $11,093 O e. $16,930 Finish att Question 22 Not yet How much do you need to deposit in a bank account now so that you can withdraw $6,200 every 3 years forever? The interest rate is 6.5% per year and the first withdrawal is scheduled 3 years from now. Marked out of 2.00 Flag question O a $305,157 O b. $95,385 O c. $29.815 d. $31,795 e. $36,015 Question 23 The present worth of a project computed at MARR = 10% is zero. Which one of the following statements is correct? Not yet answered Marked out of 2.00 O a. The project's rate of return is less than 10% b. The project is acceptable at MARR = 12% O G. The project is not acceptable at MARR = 10% O d. The project is acceptable at MARR = 10% O e. The project is not acceptable at MARR = 8% Flag question nan

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