Answered: How much must be deposited at 8% each…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

At a certain interest rate compounded semi-annually, P5,000 will amount to P23500 after 10 years. What is the amount at the end of 15 years?
At an interest rate of 5% compounded annually, how much will a deposit of P2,000.00 be in 15 years.
What series of equal payments are equivalent to this present amount of P83579 in 7 years at 24% cpd. monthly when payments are monthly?
The nominal interest rate is 14% compounded semiannually. What amount will need to be deposited every six months to be able to have enough money to pay three annuity payments of $20,000 for three years beginning at the end of year seven? The deposits begin now and continue every six months until six deposits have been made. The amount to be deposited every six months is $ (Round to the nearest dollar.)
Roy borrowed a certain amount on June 1990 from Roland. Two years later, Roy borrowed again from Roland an amount of P 7,500. Roy paid P 1,600 on June 1993 and discharged his balance by paying P 11,250 on June 1995. What was the amount borrowed by Roy on June 1990 if the interest rate is 9% compounded annually?
To have his own pad, James decided to deposit Php20,000 at the end of each month in a bank paying 7% compounded monthly. How much would he expect to have in three years?
need fast
How much invested now at 8% would be just sufficient to provide three payments, with the first payment in the amount of $9,000 occurring two years hence, then $6,000 five years hence, and finally $3,000 seven years hence? Click the icon to view the interest factors for discrete compounding when i = 8% per year. The invested amount should be $ (Round to the nearest dollar.)
I want to know how calculate CR and please don't give handwritten answer.. Thanks
Parents deposit $5,000 into a savings account at the end of each year for 22 years to help their child pay for college. The savings account pays 10% interest per year, compounded monthly. The child withdrawals an equal sum twice per year while in college (years 19 through 22). After the last withdrawal at the end of year 22, there is $8,000 remaining in the account. How much was each semi-annual withdrawal in year 19 through 22? Express your answer in $ to the nearest $100.
Find the effective rate corresponding to the following nominal rate. 3% compounded semiannually The effective rate is (Round to the nearest hundredth as needed.)
A contractor borrows $30000 at 12% compounded quarterly. He wishes to repay the money with 12 equal semiannual installments. What is the effective semiannually inerest rate? put the rate as a number "1.00" Not "1.00%", NOT "0.01" What must be the size of the payment if the first payment is made 1 year after obtaining the $30000?

SEE MORE QUESTIONS

Recommended textbooks for you

ENGR.ECONOMIC ANALYSIS

Economics

ISBN:

9780190931919

Author:

NEWNAN

Publisher:

Oxford University Press

Principles of Economics (12th Edition)

Economics

ISBN:

9780134078779

Author:

Karl E. Case, Ray C. Fair, Sharon E. Oster

Publisher:

PEARSON

Engineering Economy (17th Edition)

Economics

ISBN:

9780134870069

Author:

William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Publisher:

PEARSON

ENGR.ECONOMIC ANALYSIS

Economics

ISBN:

9780190931919

Author:

NEWNAN

Publisher:

Oxford University Press

Principles of Economics (12th Edition)

Economics

ISBN:

9780134078779

Author:

Karl E. Case, Ray C. Fair, Sharon E. Oster

Publisher:

PEARSON

Engineering Economy (17th Edition)

Economics

ISBN:

9780134870069

Author:

William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Publisher:

PEARSON

Principles of Economics (MindTap Course List)

Economics

ISBN:

9781305585126

Author:

N. Gregory Mankiw

Publisher:

Cengage Learning

Managerial Economics: A Problem Solving Approach

Economics

ISBN:

9781337106665

Author:

Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:

Cengage Learning

Managerial Economics & Business Strategy (Mcgraw-…

Economics

ISBN:

9781259290619

Author:

Michael Baye, Jeff Prince

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

How much must be deposited at 8% each year beginning in January 1. year 1, in order to accumulate P9,000 on the date if the late deposit, January 1, year 6?