Q2. Subject: - Engineering Economy i) If a continuousinvestment of $5,600 per year for 29 years leads to the accumulation of $500,000 at the end of this period, find the compound interest rate Continuous ii) At 35 years, at what interest rate does the annual composition of a capitaltriple? iii) Someone borrows $ 45,000 at a rate of 20% per annum and after one year begins to pay annual installments he does. If a person wants to pay the mentioned amount in 5 equal annual installments, calculate the installment amount each year and draw a cash flow chart
Q2. Subject: - Engineering Economy i) If a continuousinvestment of $5,600 per year for 29 years leads to the accumulation of $500,000 at the end of this period, find the compound interest rate Continuous ii) At 35 years, at what interest rate does the annual composition of a capitaltriple? iii) Someone borrows $ 45,000 at a rate of 20% per annum and after one year begins to pay annual installments he does. If a person wants to pay the mentioned amount in 5 equal annual installments, calculate the installment amount each year and draw a cash flow chart
Chapter1: Making Economics Decisions
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![Q2. Subject: - Engineering Economy
i)
If a continuousinvestment of $5,600 per year for 29
years leads to the accumulation of $500,000 at the end
of this period, find the compound interest rate
Continuous
ii)
At 35 years, at what interest rate does the annual
composition of a capitaltriple?
iii) Someone borrows $ 45,000 at a rate of 20% per annum
and after one year begins to pay annual installments he
does. If a person wants to pay the mentioned amount
in 5 equal annual installments, calculate the installment
amount each year and draw a cash flow chart](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F45cfacce-c229-47ff-925b-02a6734c25b8%2F51d7c277-cd54-484f-b6ba-130fce2a6519%2F78c88ki_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Q2. Subject: - Engineering Economy
i)
If a continuousinvestment of $5,600 per year for 29
years leads to the accumulation of $500,000 at the end
of this period, find the compound interest rate
Continuous
ii)
At 35 years, at what interest rate does the annual
composition of a capitaltriple?
iii) Someone borrows $ 45,000 at a rate of 20% per annum
and after one year begins to pay annual installments he
does. If a person wants to pay the mentioned amount
in 5 equal annual installments, calculate the installment
amount each year and draw a cash flow chart
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