Question

Consolidate the revenues above into an equivalent amount in today's money. NEW Problem #2 An owner of a building expects the present roof to last nine more years and it will need replacement at the end of year nine (EOY9). Anticipating this expenditure five years ago, the owner began depositing$1000 per year into an interest bearing account of 6% (nominal annual rate) per year. It is now the end of the fifth year and the deposit has just been made. The bank announces that beginning today, all funds on deposit will bear an annual Interest of 7%. The owner realizes that the costs of replacement are increasing, decides to raise the amount to annual deposit of $2000 beginning with the deposit due one year from today. As advisor to the Owner you are requested to calculate how much the account will total at the end of nine more years, assuming the deposits remain at $2000 per year and earning an annual interest rate of 7%.

          Consolidate the revenues above into an equivalent amount in today's money.
NEW Problem #2
An owner of a building expects the present roof to last nine more years and it
will need replacement at the end of year nine (EOY9).
Anticipating this expenditure five years ago, the owner began depositing$1000
per year into an interest bearing account of 6% (nominal annual rate) per year.
It is now the end of the fifth year and the deposit has just been made. The
bank announces that beginning today, all funds on deposit will bear an annual
Interest of 7%.
The owner realizes that the costs of replacement are increasing, decides to
raise the amount to annual deposit of $2000 beginning with the deposit due
one year from today.
As advisor to the Owner you are requested to calculate how much the
account will total at the end of nine more years, assuming the deposits remain
at $2000 per year and earning an annual interest rate of 7%.

Consolidate the revenues above into an equivalent amount in today's money.
NEW Problem #2
An owner of a building expects the present roof to last nine more years and it
will need replacement at the end of year nine (EOY9).
Anticipating this expenditure five years ago, the owner began depositing1000
per year into an interest bearing account of 6% (nominal annual rate) per year.
It is now the end of the fifth year and the deposit has just been made. The
bank announces that beginning today, all funds on deposit will bear an annual
Interest of 7%.
The owner realizes that the costs of replacement are increasing, decides to
raise the amount to annual deposit of2000 beginning with the deposit due
one year from today.
As advisor to the Owner you are requested to calculate how much the
account will total at the end of nine more years, assuming the deposits remain
at 2000 per year and earning an annual interest rate of 7%.

Added by Charles S.

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