ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Chapter 13, Problem 45P
To determine

To find:Financial viability of both the available options and best option available.

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$ 1,500 was deposited in a bank account 20 years ago. Today it is worth $3,000. Interest is paid semi-annually. Determine the interest rate paid on this account.
What is the future value of $100 next year. If discount rate is 5% annually.
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