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Ohio State University *

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Economics

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Feb 20, 2024

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xlsx

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14

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Q 1 (a) the amount of the payment, (b) the amount of interest? Do not use any symbols such as $ or % or commas In order to build a new warehouse facility, the regional distributor for Valco Multi-position Valves borrowed $1.6 million at 10% per year interest. If the company repaid the loan in a lump sum amount after 2 years, what was
Q 2 Which of the following 1-year investments has the highest rate of return: $56,000 that yields $6160 in interest $12,500 that yields $1125 in interest $95,000 that yields $7600 in interest
Q 3 P = A= n = i = Identify the four engineering economy symbols and their values. Use a question mark with the symbol whos determined. DubaiWorks manufactures angular contact ball bearings for pumps that operate in harsh environments. The $2.4 million in a process that resulted in net profits of $760,000 per year for five consecutive years. What rat company make?
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se value is to be e company invested te of return did the
Q 4 P = F = n = i = Identify the four engineering economy symbols and their values. Use a question mark with the symbol whos determined. You are trying to determine how much you should invest today in order to have saved $2,000 by the time yo that you will graduate in 2 years and have an investment opportunity available that will return 8%.
se value is to be ou graduate, given
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Q 5 Construct a cash flow diagram that represents the amount of money that will be accumulated in 7 years from investment of $20,000 now and $3,500 per year for 7 years at an interest rate of 8% per year.
m an initial
Q 6 Use economic equivalence to determine the amount of money or value of i that makes the following statem (a) $5000 today is equivalent to $4275 exactly 1 year ago at i = ___% per year. (b) A car that costs $28,000 today will cost $____ a year from now at i = 4% per year. (c) At i = 4% per year, a car that costs $28,000 now, would have cost $____ one year ago. (d) Last year, Jackson borrowed $20,000 to buy a preowned boat. He repaid the principal of the lo interest after only 1 year. This year, his brother Henri borrowed $15,000 to buy a car and expects 1 year plus interest of $2295. The rate that each brother paid for his loan is ___ % for Jackson and Henri. (e) Last year, Sheila turned down a job that paid $75,000 per year. This year, she accepted one th year. The salaries are equivalent at i = ____% per year.
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ments correct. oan plus $2750 s to pay it off in only d ___ % per year for hat pays $81,000 per
Q 7 (a) simple interest (b) compound interest (c) What is the spreadsheet function to find the answer for compound interest? A company that manufactures general-purpose transducers invested $2 million 4 years ago in high-yield jun are now worth $2.8 million, what rate of return per year did the company make on the basis of
nk bonds. If the bonds
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Q 8 (a) P = F = A = i = n = (b) (a) P = F = A = i = n = (b) (3) = PV(9%, 15, 1000,600) (a) P = F = A = i = n = (b) (a) P = F = A = i = n = (b) (a) P = F = A = i = n = (b) For the following five spreadsheet functions, (a) write the values of the engineering economy symbols P, F, A, i, and n, using a ? for the symbol that is to b (b) BEFORE CALCULATING state whether the displayed answer will be positive, negative, or can’t be determi from the entries. (1) = FV(8%, 10, 3000, 8000) (2) = PMT(12%, 20, –16000) (4) = NPER(10%, –290,, 12000) (5) = FV(5%, 5, 500, –2000)
be determined, and ined (before calculating)

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