CM 2113 Wang Test 1 Exam / CM 2113 Wang Test 1 Preparation/CM 2113 Wang Test 1 Practice Exam With Complete Questions And Correct Detailed Answers (Verified Answers) |Already Graded A+|Brand New Version!!

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CM 2113 Wang Test 1 Exam 2026-2027/ CM 2113 Wang Test
1 Preparation/CM 2113 Wang Test 1 Practice Exam With
Complete Questions And Correct Detailed Answers (Verified
Answers) |Already Graded A+|Brand New Version!!




Look up the following factor value in the given reference table.
(F/P, 3%, 4)
Select one:
a. 4.184
b. 1.126
c. 0.239
d. 0.269
b. 1.126




Look up the following factor value in the given reference table.
(F/A, 9%, 11)
Select one:
a. 0.388
b. 17.560

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c. 0.057
d. 6.805
b. 17.560




A contractor is investing $5,000 per year in savings certificates at an
annual interest rate of 10% and plans to continue the investment
program for 5 years, what will the value of the contractor investment be
at the end of 5 years?
Select one:
a. $62,890
b. $38,610
c. $30,525
d. $18,955
c. $30,525




A contractor plans to purchase a pickup truck in 10 years, how much
should the contractor invest at 5% interest today to have the $30,000
needed to purchase the truck at the end of 10 years?
Select one:
a. $15,000
b. $18,630

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c. $19,350
d. $18,420
d. $18,420




What the annual cost for a tractor is if a contractor is considering
purchasing a used tractor for $180,000 at 10% interest that she could use
for 10 years and then sell for an estimated salvage value of $10,000.
Annual maintenance and repair costs for the used tractor are estimated to
be $15,000 per year.
Select one:
a. $43,710
b. $58,390
c. $41,970
d. $40,710
a. $43,710




Book Value is the _________ less the depreciable value.
Select one:
a. Initial cost
b. Aftermarket cost
c. Repair cost