Contemporary Engineering Economics (6th Edition)
6th Edition
ISBN: 9780134105598
Author: Chan S. Park
Publisher: PEARSON
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Question
Chapter 3, Problem 13P
(a):
To determine
Calculate the present value.
(b):
To determine
Calculate the
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What is the present worth of each of the given series of payments?(a) $2.700 at the end of each six-month period for 10 years at 8% compounded semiannually.(b) $10,000 at the end of each quarter for five years at 12% compounded quarterly.(c) $14.000 at the end of each month for eight years at 6% compounded monthly.
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Chapter 3 Solutions
Contemporary Engineering Economics (6th Edition)
Ch. 3 - Prob. 1PCh. 3 - Prob. 2PCh. 3 - Prob. 3PCh. 3 - Prob. 4PCh. 3 - Prob. 5PCh. 3 - Prob. 6PCh. 3 - Prob. 7PCh. 3 - Prob. 8PCh. 3 - Prob. 9PCh. 3 - Prob. 10P
Ch. 3 - Prob. 11PCh. 3 - Prob. 12PCh. 3 - Prob. 13PCh. 3 - Prob. 14PCh. 3 - Prob. 15PCh. 3 - Prob. 16PCh. 3 - Prob. 17PCh. 3 - Prob. 18PCh. 3 - Prob. 19PCh. 3 - Prob. 20PCh. 3 - Prob. 21PCh. 3 - Prob. 22PCh. 3 - Prob. 23PCh. 3 - Prob. 24PCh. 3 - Prob. 25PCh. 3 - Prob. 26PCh. 3 - Prob. 27PCh. 3 - Prob. 28PCh. 3 - Prob. 29PCh. 3 - Prob. 30PCh. 3 - Prob. 31PCh. 3 - Prob. 32PCh. 3 - Prob. 33PCh. 3 - Prob. 34PCh. 3 - Prob. 35PCh. 3 - Prob. 36PCh. 3 - Prob. 37PCh. 3 - Prob. 38PCh. 3 - Prob. 39PCh. 3 - Prob. 40PCh. 3 - Prob. 41PCh. 3 - Prob. 42PCh. 3 - Prob. 43PCh. 3 - Prob. 44PCh. 3 - Prob. 45PCh. 3 - Prob. 46PCh. 3 - Prob. 47PCh. 3 - Prob. 48PCh. 3 - Prob. 49PCh. 3 - Prob. 50PCh. 3 - Prob. 51PCh. 3 - Prob. 52PCh. 3 - Prob. 53PCh. 3 - Prob. 54PCh. 3 - Prob. 55PCh. 3 - Prob. 56PCh. 3 - Prob. 57PCh. 3 - Prob. 58PCh. 3 - Prob. 59PCh. 3 - Prob. 60PCh. 3 - Prob. 61PCh. 3 - Prob. 62PCh. 3 - Prob. 63PCh. 3 - Prob. 64PCh. 3 - Prob. 65PCh. 3 - Prob. 66PCh. 3 - Prob. 67PCh. 3 - Prob. 68PCh. 3 - Prob. 69PCh. 3 - Prob. 70PCh. 3 - Prob. 71PCh. 3 - Prob. 72PCh. 3 - Prob. 1STCh. 3 - Prob. 2STCh. 3 - Prob. 3ST
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- a) What is the future value of a series of payments of $6,000 each, at the end of 8 years, at 6% compounded annually? First payment occurred at end of year 1. b) What is the present value of a series of 6 payments of $5,000 each at 7.25%compounded annually? c) What equal-annual-payment series is required in order to repay a present value of $18,000 in five years at 8% interest compounded annually?arrow_forwardIf you invest $4,000 at 3% interest compounded monthly, how long will it take you to reach $5,000 ?arrow_forwardWhat is the amount of the quarterly deposits A such that you will be able to withdraw the amounts shown in the cash flow diagram if the interest rate is 8% compounded quarterly? 8% Compounded quarterly 2 3 $1.500 Quarters 5 6 7 A (Deposit) $2,500 8arrow_forward
- Which of the following compounding rates is equivalent to an effective interest rate of 2.75% per year? 2.7% compounding six-monthly 2.75% compounding yearly 2.6% compounding quarterly 2.6% compounding monthlyarrow_forwardPlease solve complete in hand writtenarrow_forwardWhat is the amount of the quarterly deposits A such that you will be able to withdraw the amounts shown in the cash flow diagram if the interest rate is 12% compounded quarterly? 12% Compounded quarterly $2,800 $1,000 2 3 4 5 6 7 mim 1 A (Deposit) Quarters 1 The amount of the quarterly deposits A should be $. (Round to the nearest dollar.) Qarrow_forward
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- What is the future worth of the following series of payments? a) $30,000 at the end of each six-month period for five years at 8% compounded semiannually. b) $50,000 at the end of each quarter for 10 years at 6% compounded quarterly. c) $13,000 at the end of each month for six years at 9% compounded monthly.arrow_forwardWhat deposit made at the beginning of each month will accumulate to $120,000 at 5% compounded semi-annually at the end of 10 years? (1) Effective Interest C = K = Thus, ieff (4 decimal places) = (2) Final Answer =arrow_forwardAnswer was not A or Darrow_forward
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