engineering economics What is the future value after two years on the basis of compound interest for an amount of $5,000 deposited in a bank that pays annual interest of 10%?

Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
engineering economics What is the future value after two years on the basis of compound interest for an amount of $5,000 deposited in a bank that pays annual interest of 10%?
القيمة المستقبلية بعد سنتين على اساس
هي
ما
الفائدة المركبة لمبلغ مقداره 0 0 50 دولار تم
ايداعه فى مصرف يدفع فائدة سنوية مقدارها
$%10
6150 $ O
5050 $ O
6666 $ O
0 ي 6050
Transcribed Image Text:القيمة المستقبلية بعد سنتين على اساس هي ما الفائدة المركبة لمبلغ مقداره 0 0 50 دولار تم ايداعه فى مصرف يدفع فائدة سنوية مقدارها $%10 6150 $ O 5050 $ O 6666 $ O 0 ي 6050
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Project cash flow
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Structural Analysis
Structural Analysis
Civil Engineering
ISBN:
9781337630931
Author:
KASSIMALI, Aslam.
Publisher:
Cengage,
Structural Analysis (10th Edition)
Structural Analysis (10th Edition)
Civil Engineering
ISBN:
9780134610672
Author:
Russell C. Hibbeler
Publisher:
PEARSON
Principles of Foundation Engineering (MindTap Cou…
Principles of Foundation Engineering (MindTap Cou…
Civil Engineering
ISBN:
9781337705028
Author:
Braja M. Das, Nagaratnam Sivakugan
Publisher:
Cengage Learning
Fundamentals of Structural Analysis
Fundamentals of Structural Analysis
Civil Engineering
ISBN:
9780073398006
Author:
Kenneth M. Leet Emeritus, Chia-Ming Uang, Joel Lanning
Publisher:
McGraw-Hill Education
Sustainable Energy
Sustainable Energy
Civil Engineering
ISBN:
9781337551663
Author:
DUNLAP, Richard A.
Publisher:
Cengage,
Traffic and Highway Engineering
Traffic and Highway Engineering
Civil Engineering
ISBN:
9781305156241
Author:
Garber, Nicholas J.
Publisher:
Cengage Learning