Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN: 9781305084766
Author: Saeed Moaveni
Publisher: Cengage Learning
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Chapter 20, Problem 43P
To determine
Using Excel, find the amount of the last payment.
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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]
3
ENGINEERING ECONOMICS: ANNUITY. Show complete solution and INCLUDE CASH FLOW DIAGRAM. Write legibly
Chapter 20 Solutions
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
Ch. 20.4 - Prob. 1BYGCh. 20.4 - Prob. 2BYGCh. 20.4 - Prob. 3BYGCh. 20.4 - Prob. 4BYGCh. 20.4 - Prob. 5BYGCh. 20.4 - Prob. BYGVCh. 20.5 - Prob. 1BYGCh. 20.5 - Prob. 2BYGCh. 20.5 - Prob. 3BYGCh. 20.5 - Prob. BYGV
Ch. 20.8 - Prob. 1BYGCh. 20.8 - Prob. 2BYGCh. 20.8 - Prob. 3BYGCh. 20 - Prob. 1PCh. 20 - Prob. 2PCh. 20 - Prob. 3PCh. 20 - Prob. 4PCh. 20 - Prob. 5PCh. 20 - Prob. 6PCh. 20 - Prob. 7PCh. 20 - Prob. 8PCh. 20 - Prob. 9PCh. 20 - Prob. 10PCh. 20 - Prob. 11PCh. 20 - Prob. 12PCh. 20 - Prob. 13PCh. 20 - Prob. 14PCh. 20 - Prob. 15PCh. 20 - Prob. 16PCh. 20 - Prob. 17PCh. 20 - Prob. 18PCh. 20 - Prob. 19PCh. 20 - Prob. 20PCh. 20 - Prob. 21PCh. 20 - Prob. 22PCh. 20 - Prob. 23PCh. 20 - Prob. 24PCh. 20 - Prob. 25PCh. 20 - Prob. 26PCh. 20 - Prob. 27PCh. 20 - Prob. 28PCh. 20 - Prob. 29PCh. 20 - Prob. 30PCh. 20 - Prob. 31PCh. 20 - Prob. 32PCh. 20 - Prob. 33PCh. 20 - Prob. 34PCh. 20 - Prob. 35PCh. 20 - Prob. 36PCh. 20 - Prob. 37PCh. 20 - Prob. 38PCh. 20 - Prob. 39PCh. 20 - Prob. 40PCh. 20 - Prob. 41PCh. 20 - Prob. 42PCh. 20 - Prob. 43PCh. 20 - Prob. 44PCh. 20 - Prob. 45PCh. 20 - Prob. 46PCh. 20 - Prob. 47PCh. 20 - Prob. 48PCh. 20 - Prob. 49PCh. 20 - Prob. 50PCh. 20 - Prob. 52PCh. 20 - Prob. 53PCh. 20 - Prob. 54P
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- 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.arrow_forwardPlease do not SOLVE using EXCEL. Solve it using Manual Computation Determine the maximum future amount of a 10-year uniform annuity X if it will be withdrawn after 20 years and the money is worth 20% effective.arrow_forwardA software engineer borrows money to pay her employees while they are working at her start-up company. The bank offers an interest rate on the loan of 7% and the loan will be repaid in equal annual installments over 7 years at $70,000.00 per year. How much is the engineer able to borrow with the terms offered by the bank?arrow_forward
- An amount of $ 500 was borrowed for the period from January 10 to October 28, 1996 at 16% interest. a) Calculate the exact simple interest. b) What is the total amount to be paid at the end of the period?arrow_forward#20,000.00 borrowed today for 2 years at 5% compound interest will result in how much total interest at the end of Year 2?arrow_forwardA man will deposit 200 with a savings bank at the beginning of each 3 months for 9 years. If the bank pays interest at the rate of 5.5% quarterly, find the sum to his credit just after the last deposit. *written solution pleasearrow_forward
- Your future company has purchased a machine and has entered into a contract that requires the company to pay $2000 each year for the upgrade of machine components at the end of years 6, 7, and 8. In anticipation of the upgrade cost, your company has decided to deposit equal amounts ( X ) at the end of each year for five years in a row in an account that pays i = 6% . The first deposit is made at the end of the first year. What is the value of X?arrow_forwardAnswer the questions correctly. 8.arrow_forwardA man borrowed P8,000 from a bank that charges 5.5 % interest in advance. He received P7,650 from the loan. When will the loan be due? A. 9 months and 16 days B. 10 months and 16 days C. 7 months and 10 days D. 1 year and 9 monthsarrow_forward
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