Posted by **Aly** on Monday, June 24, 2013 at 2:22am.

PLS HELP, BEEN STUCK FOREVER ON TWO QUESTIONS, THIS IS ONE :

There are usually no costs for the first 3 years, but thereafter maintenance is re- quired for restriping, weed control, light replacement, shoulder repairs, etc. For one section of a particular highway, these costs are projected to be $6000 in year 3, $7000 in year 4, and amounts increasing by $1000 per year through the highway's expected 30-year life. Assuming it is replaced with a similar roadway, what is its perpetual equivalent annual worth (in years] through infinity) at an interest rate of8% per year?

THIS IS THE OTHER ONE:

7. A permanent endowment At a university is to award scholarships to engineering students. The awards are to be made beginning 6 years after the $12 million lump-sum donation is made. If the interest from the endowment is to fund 100 students each year in the amount of $12,000 each, what annual rate of return must the endowment fund earn?

I HAVE DONE WORK ON THEM, THEY ARE JUST REALLY LONG TO TYPE UP...AND THEY ARE WRONG. PLs help!!! i really need to understand this, any help is appreciated

## Answer this Question

## Related Questions

- accounting - If Alisha Maintenance manufacturing has: total maintenance cost of...
- Math, accounting, investments - A firm is evaluating two machines. The first ...
- Economics - If Alisha Maintenance manufacturing has: total maintenance cost of...
- economics - Nair Inc. bought a "growing perpetuity" bond. The bond will pay 631....
- Economics - Ive been stuck on this forever now if someone could please walk me ...
- economics - Suppose a company has the following costs: Labor $400 Equipment $300...
- geometry - I HAVE BEEN STUCK ON THIS QUESTION FOREVER. CAN SOMEONE HELP ME OUT ...
- math - A study of two types of weed killers was done on two identical weed plots...
- math - A study of two types of weed killers was done on two identical weed plots...
- statistics - A study of two types of weed killers was done on two identical weed...