Answered: A sum of dollar 5000 is deposited in a…

A sum of dollar 5000 is deposited in a project account and left there to earn interest for 15 years. If their interest rate per year is 12% of the compound amount after 15 year can be calculated:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A sum of dollar 5000 is deposited in a project account and left there to earn interest for 15 years. If their interest rate per year is 12% of the compound amount after 15 year can be calculated:

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