11 .
You start saving for a condo that you plan to pay $80,000 for in four years. You have investments that will produce an estimated 7 percent return during the four years. How much do you need to save a year to reach your goal of $80,000?
12 .
You invested in two pre-owned cars for your business two years ago. You expect the cars to last ten years. The initial investment of both cars was about $45,000. The salvage value for the cars combined is $12,000. What is the annual depreciation for the vehicles? What is the current value to the business now?
13 .
Describe how WorldCorp might compare sales executives using Excel, QuickBooks, or both. What data will you use? How would you compare them (using what methodology, and what software)?