!Required informationA theft-avoidance locking system has a first cost of $31,000, an AOC of $9,000, and no salvage value after its 3-yearlife. Assume that you were told the service provided by this asset would be needed for only 5 years. This means thatthe asset will have to be repurchased and kept for only 2 years.What would its market value, call it M, have to be after 2 years in order to make its annual worth the same as it is for its 3-year life cycleat an interest rate of 10% per year? Determine the market value M using factors.The market value M is $

In Engineering economics, Annual Worth (AW) is used to compare different cash flow series which…

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Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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1) When an amount of $1,000 is put in a bank that pays ordinary simple interest at a rate of 5% per year, how many days will it take for it to grow to $1,020? (Use a year with 365 days.) b) If you invest $ 25,000 in a five-year fund. How much interest will there be in the fund at the end of the period if the fund pays interest at a rate of 9% per year compounded quarterly? c) You got $5,000 to invest at a rate of 6% per year compounded continuously. How long do you think it will take for your investment to reach $9,000?
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James has an investment worth $175,609.50. The investment will make a special payment of X to James in 1 month from today and the investment also will make regular, fixed monthly payments of $1,440.00 to James forever. The expected return for the investment is 1.23 percent per month and the first regular, fixed monthly payment of $1,440.00 will be made to James in one month from today. What is X, the amount of the special payment that will be made to James in 1 month? An amount less than $58,600.00 or an anmount greater than $179,600.00 An amount equal to or greater than $58,600.00 but less than $88,950.00 An amount equal to or greater than $88,950.00 but less than $146,400.00 An amount equal to or greater than $146,400.00 but less than $176,000.00 O An amount equal to or greater than $176,000.00 but less than $179,600.00 Com SHEMA
On the basis of how long he has until retirement and his comfort with investment risk, Connor has decided that he wants to allocate the money in his retirement account as follows: 70% to equities, 15% to fixed income, and 15% to cash. If Connor assumes that each asset class provides the low end of the rates of return shown in the table below, what overall rate of return would he expect to earn over the long term? Asset Class Degree of Risk Historical Average Rate of Return Equities High 8% - 12% Fixed Income Moderate 4% - 7% Cash Minimal 2% - 5% Group of answer choices 4.34% 6.50% 1.43% 7.25%
Q6: In the year 2020 you have completed your graduation with HRM specialization from HCT College and joined as an executive in the department of HRM in Petroleum Development Oman (PDO) with a salary of OMR 1650 per month. As per the PDO norms you will be retired from your employment in the year 2060. In order to lead a peaceful and secured life after your retirement, it is estimated that you should need a cash balance of OMR 200,000. a) How much money do you need to deposit now, if money compounds monthly at 8% interest rate? b) How much you need to deposit if your requirement is OMR 250,000 and you retire in the year 2065?
Hector has several financial decisions to make in the near future. He is planning to buy a car, open a savings account, and place money in a certificate of deposit (CD) so that he may purchase a boat when he retires. Hector has asked that we help him decide which options are best for him. The car Hector has chosen costs $24,000. Most car loans are calculated using simple interest, a method which interest is calculated only one per year. His first option is a loan with 3% interest over six years. How much will Hector pay over the course of the next six years if he chooses this option?
Mr. Bingle who is currently 65 yrs. old and in retirement is looking to invest $400,000 (about 1/3 of his retirement assets), and his local banker is offering the following: 1 year CD at 5.00% 5yr CD at 4.75% 10yr CD at 4.50% 20 yr CD at 4.25% Which option would you recommend and why?
A certificate of deposit (CD) is similar to a savings account, but deposits are generally held to maturity. They usually offer higher rates than savings accounts because they "tie up" money for a period of time and often require a minimum deposit. A 3-year CD at a certain bank has a nominal rate of 2.085%, and an effective annual yield of 2.100%. If $800 is deposited with this bank, how much will be in the account at the end of the 3 years?

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