PROBLEM 1: PART A.) A company is considering the purchase of a piece of equipment for $78,100. If instead the company waits 3 years the machine appreciates in value at 5% per year interest. How much...

Part c Without using exel

Extracted text: PROBLEM 1: PART A.) A company is considering the purchase of a piece of equipment for $78,100. If instead the company waits 3 years the machine appreciates in value at 5% per year interest. How much money does the company have to save per year, to afford the equipment in Year 3? PART B.) George is loaned $100,000 in Year 0. Approximately (round up to the nearest year) many years will it take him to pay off the loan at 4% interest if he pays down the loan by $10,000 in Year 1 and increases his payment by $1,000 in each year starting in Year 2? PART C.) In planning for your retirement, you expect to save $5,000 in year 1, $6,000 in year 2, and amounts increasing by $1,000 each year through year 20. If your investments earn 7% interest per year, what is your retirement account worth at year 20?