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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the use of the Uniform Series Capital Recovery Factor?
💡 Hint: Think about how businesses plan their finances.
Question 2
Easy
Define the Sinking Fund Factor.
💡 Hint: What do we want to save for in the future?
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does the Uniform Series Capital Recovery Factor calculate?
- Annual cash inflows
- Annual cash outflows
- Annual ownership costs
💡 Hint: Think of cash as money going OUT.
Question 2
True or False: The Sinking Fund Factor is used to determine how much to save annually for future expenditures.
- True
- False
💡 Hint: Think about your savings for a new car in the future.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
You have a machine that costs $250,000 with a life expectancy of 10 years. If you know the salvage value is $40,000, calculate the actual annual costs including depreciation and savings for replacement.
💡 Hint: Don’t forget to consider the time value in your calculation.
Question 2
A company plans to replace a piece of equipment for which they need $120,000 in 5 years. If they earn 4% interest on their sinking fund, what is their annual contribution?
💡 Hint: Apply the sinking fund formula accurately.
Challenge and get performance evaluation