A person deposits $100 at the beginning of each year for 20 years. Simple interest at an annual rate of i is credited to each deposit from the date of deposit to the end of the twenty year period. The total amount thus accumulated is $2840. If instead, compound interest had been credited at an effective annual rate of i, what would the accumulated value of these deposits have been at the end of 20 years

You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400