The present worth of a deposit of $1000 now and $1000 every 6 months for 10 years at an interest rate of 10% per year, compounded semiannually is represented by which of the following equations: Select one: a. P = 1000 (P/A,5%,21) b. P = 1000 (P/A,5%,20) c. P = 1000 + 1000(P/A,10.25%,10) d. P = 1000(P/A,5%,21)(F/P,5%,1)

The present worth of a deposit of $1000 now and $1000 every 6 months for 10 years at an interest rate of 10% per year, compounded semiannually is represented by which of the following equations: Select one: a. P = 1000 (P/A,5%,21) b. P = 1000 (P/A,5%,20) c. P = 1000 + 1000(P/A,10.25%,10) d. P = 1000(P/A,5%,21)(F/P,5%,1)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The present worth of a deposit of $1000 now and $1000 every 6 months for 10 years at an
interest rate of 10% per year, compounded semiannually is represented by which of the following
equations:
Select one:
a. P = 1000 (P/A,5%,21)
b. P = 1000 (P/A,5%,20)
c. P = 1000 + 1000(P/A,10.25%,10)
d. P = 1000(P/A,5%,21)(F/P,5%,1)

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