How much money is required in the trust fund to provide

Reference no: EM13314117

A trust fund is to be established for the three purposes:

(1) To provide $750000 for th construction and $250000 for the initial equipment of a small engineering laboratory;

(2) to pay the $150000 per year laboratory operating cost; and

(3) to pay for $100000 of replacement equipment every 4 years, beginning 4 years from now.

At 6% interest, how much money is required in the trust fund to provide for the laboratory and equipment and its perpetual operation and equipment replacement?

Reference no: EM13314117

Questions Cloud

What is the equivalent uniform annual cost of the machine : A machine costs $20,000 and has a 5-year useful life. At the end of the 5 years, it can be sold for $4,000. If annual interest is 8%, compounded semiannually, what is the equivalent uniform annual cost of the machine

Explain formation to calculate the enthalpy change : For the reaction,: Ca(OH)2(s)+ CO2(g)= CaCO3(s)+ H2O(g) (a) Use the following standard enthalpies of formation to calculate the enthalpy change.

Explain the difference between gas chromatography : What are the difference between gas chromatography, column chromatography, and thin layer chromatography

Explain how is hcl a base if it has no oh ions in is formula : How is HCl a base if it has no OH ions in is formula to omit when dissolved? Where does it's O come from

How much money is required in the trust fund to provide : (1) To provide $750000 for th construction and $250000 for the initial equipment of a small engineering laboratory ; (2) to pay the $150000 per year laboratory operating cost; and (3) to pay for $100000 of replacement equipment every 4 years, beginn..

Determine the mass in grams of al that burns : The heat of formation of Al2O3(s) is change Hf= -1669kJ/ /mol. a.) Calculate the heat evolved when 3.47 g of Al burns in oxygen. b.) Find the mass in grams of Al that burns when 1039 kJ are evolved.

Explain what is the heat capacity of the calorimeter : After adding the two portions of water into your calorimeter setup and following the procedure outlined in the experiment, you determine the temperature of the mixed portions of water to be 45 oC. What is the heat capacity of the calorimeter. Assu..

Find the resulting voltage difference : An airplane is traveling parallel to the ground in a region where the Earth%u2019s magnetic field is oriented perpendicular to the ground. What is the resulting voltage difference between the ends of each wing

What investment can be justified for the new surface : Annual maintenance cost for a particular section of highway pavement are $2000. The placement of a new surface would reduce the annual maintenance cost to $500 per year for the first 5 years and to $1000 per year for the next 5 years.

User Account

All Pages