6. Please use the formula to solve the problem Legend:Cc - Capitalized Cost (Currency)Fc - First Cost (Currency)Mc - maintenance Cost (Currency)Rc - Replacement Cost (Currency); if no Re: Re FeSy- Salvage Value (Curency); if no Sy: Sy = 0A - Periodic Amount (Currency)F-Future Value (Currency)G - Periodic Amount Increment Amount (Currency)P - Present Value (Currency)g - Periodic Amount Increment Rate (Persentage)i-Nominal Interest Rate (Percent)m - Number of Periods per Year (Number)r - Effective Interest Rate (Percent)t-Number of Years (Number)Formulae:Compounding Transformation (i, (m₂)→ 1₂ (m₂)): (1 + ) = (1 +)**Perpetuity (t=00):Ordinary Annuity (Payment at End of Period):P=A1-(1+1)-²)Arithmetic Gradient:Geometric Gradient:Capitalized Cost:n = mtAnnuity Due (Payment at Beginning of Period):r=-mF = P(1+r)"P = F(1+r)-RF=AF=A= A ((1+r)^²-1)F=P=A (1-(1+r)^)(1+r)= A (¹ + r)² - 1) (1 + r)TFA[(1+r)-1]G[-nr + (1+r)" - 1]Tr2A[(1+r)"-(1+g)"]T-9Rc-SvCc=Fc++ (1+r)"-1A = Cer The new iPhone 14 was released last week. You needa P12,000 immediately as a down payment on thisphone. Suppose that you can borrow this moneyfrom an insurance company. You must repay the loanin equal payments every six months over the nexteight years. The nominal interest rate being charge is7% compounded continuously. What is the amount ofeach payment?Add your answer

Amount required = 12,000 r = 7% compounding continuously n = 8 years

The new iPhone 14 was released last week. You need a P12,000 immediately as a down payment on this phone. Suppose that you can borrow this money from an insurance company. You must repay the loan in equal payments every six months over the next eight years. The nominal interest rate being charge is 7% compounded continuously. What is the amount of each payment? Add your answer

The new iPhone 14 was released last week. You need a P12,000 immediately as a down payment on this phone. Suppose that you can borrow this money from an insurance company. You must repay the loan in equal payments every six months over the next eight years. The nominal interest rate being charge is 7% compounded continuously. What is the amount of each payment? Add your answer

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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