The following spreadsheet shows financial data for Trance Electronics.Use the spreadsheet to answer the question(s)below.
-What is the annual cost incurred at the end of the fifth year?
A)$662,933,138
B)$387,504,000
C)$554,291,922
D)$463,454,784

Question

The following spreadsheet shows financial data for Trance Electronics.Use the spreadsheet to answer the question(s)below. 
-What is the annual cost incurred at the end of the fifth year?
A)$662,933,138 
B)$387,504,000 
C)$554,291,922 
D)$463,454,784

Quizplus · Accepted Answer

The annual cost incurred at the end of the fifth year is $662,933,138. This is because the annual cost is $132,586,628, and the cost is compounded annually for 5 years.

The Following Spreadsheet Shows Financial Data for Trance Electronics