(1 bookmark) Flag A field engineer working for a heavy construction company needs to determine whether the company should keep an existing backhoe or replace it with a new backhoe. The field engineer has collected data on the fixed and variable costs for each machine, and they are listed in Table5. The interest rate is 10%per year. How many feet of trenches need to be excavated each year to justify the purchase of the new backhoe

Over the past several years, joyce chen has been able to save regularly. as a result, today she has $54,188 in savings and investments. she wants to establish her own business in 5 years and feels she will need $100,000 to do so. a. if she can earn 6% on her money, how much will her $54,188 in savings/investments be worth in 5 years? will joyce have the $100,000 she needs? if not, how much more money will she need? b. given your answer to part a, how much will joyce have to save each year over the next 5 years to accumulate the additional money? assume she can earn interest at a rate of 6%. c. if joyce can afford to save only $4,000 a year then, given your answer to part a, will she have the $100,000 she needs to start her own business in 5 years?