1. Write the word or phrase that best completes each statement or answers the question. Solve the problem. Round dollar amounts to the nearest dollar.

Use the straight-line method to complete the depreciation table for a combine    harvester that costs

\$4300, has a salvage value of \$300, and has an estimated life of 5 years.

2. Use the table to find the future value. Round to the nearest cent.

\$15,000 at 1% compounded annually for 3 years

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\$15,301.50

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\$15,454.50

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\$15,450.00

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\$15,300.00

3.

Solve the problem. Round to the nearest cent.

The list price of a car is \$8760. It is available at either a 10/20/5 or a 35/30 trade discount series. Which trade discount series gives the better deal? By how much?

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10/20/5, \$2006.04

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10/20/5, \$2628.00

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35/30, \$2628.00

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35/30, \$2006.04

4.     Solve the problem. Round to the nearest cent.

The list price of a keyboard is \$788. If the trade discount series offered is 10/30/20, find the net price by using the net decimal equivalent.

 [removed] \$315.20 [removed] \$472.80 [removed] \$397.15 [removed] \$390.85

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