ENGINEERING FUNDAMENTALS
ENGINEERING FUNDAMENTALS
6th Edition
ISBN: 9781337705011
Author: MOAVENI
Publisher: CENGAGE L
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Chapter 20, Problem 37P
To determine

Using Excel, find the monthly payment that is needed to pay, if the interest rate (i) is 9%,6%,7%,and 8% compounding monthly.

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I need the solution in handwriting Q1/ If the first deposit was $5,000 and decreased by $150 during the five years. Calculate the equivalent P and then the equivalent A?i=5% 5 4 5000 3 2 1
Q3:How much money must you deposit in year 6 if you deposit $5000 now and you want to have $12,000 at the end of year 11? Assume your deposits earn interest at 6% per year. [40 marks]
FOR THE CASH FLOW REVENUES SHOWN BELOW, FIND THE VALUE OF G THAT MAKES THE EQUIVALENT ANNUAL WORTH IN YEARS 1 THROUGH 7 EQUAL TO $500. THE INTEREST RATE IS 10% PER YEAR.
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