AutomationDirect, which makes 6-inch TFT colortouch screen

Chapter 3, Problem 3.12

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AutomationDirect, which makes 6-inch TFT colortouch screen HMI panels, is examining its cash flowrequirements for the next 5 years. The company expectsto replace office machines and computer equipmentat various times over the 5-year planning period.Specifically, the company expects to spend$7000 two years from now, $9000 four years fromnow, and $15,000 five years from now. What is theannual worth over years 1 through 5 of the plannedexpenditures at an interest rate of 10% per year? Also,write the single-cell spreadsheet function to find A.

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