man inherited regular endowment of P111,000 every end of 3 months for 12 years. however, he may choose to get a single lump sum payment at the end of 4 years. how much is this lump sum if the cost of money is 14% compunded quarterly

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Q: A small company purchased now for 1.15M will lose 75,000 each year for the first 4 years. An…

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Q: Frasier is 33 years old and just received an inheritance from his parents' estate. He wants to…

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Q: estimate the accumulated amount in a fund earning 5% interest at the end of 11 years if $270 is…

A: Given: The interest is 5%. The time period is 11 years. The deposited amount each year is $270.

Engineering Economics Principles

Engineering economics (engineering economy) is a sub-field of economics to study the use and application of the economic principles in the engineering analysis of decisions along with the systematic evaluation of the advantages of project costs inclusive of engineering design and analysis. It emphasizes microeconomics (a subset of economics) for researching the behavior of people in the decision-making process of assigning and determining multiple alternatives to the usage of some of the restrained resources and merging economic theory and engineering practice in a practical manner. It depicts the logical framework of economics in addition to the analytical application of statistics and mathematics.