Contemporary Engineering Economics (6th Edition)
6th Edition
ISBN: 9780134105598
Author: Chan S. Park
Publisher: PEARSON
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Question
Chapter 3, Problem 14P
To determine
Calculate the Time period.
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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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- how long does it take for an investment to double at 1.4% compounded continuouslyarrow_forwardHow long will it take money to double itself if invested at 10% compounded annually?arrow_forwardJesse wanted to double his money at 3% annual interest compounded monthly. How long will it take to double your money?arrow_forward
- If P25,000 is invested at 8% interest compounded quarterly, how many years will it take for this amount to accumulate to P45,000?arrow_forwardIf the interest rate on an account is 11.5% compounded yearly, approximately how many years will it take to triple the amount?arrow_forwardIf you invest $4,000 at 3% interest compounded monthly, how long will it take you to reach $5,000 ?arrow_forward
- What interest compounded 10 times a year is equivalent to an interest rate of 5% compounded quarterly?arrow_forwardBank A pays 8% compounded continuously, while bank B pays 8.159% compounded daily. Which bank pays more?arrow_forwardHow long your money would double its amount if you invested at 5%compounded annually?arrow_forward
- How many quarters will it take to triple an initial investment at an interest rate of 14% compounded quarterly?arrow_forwardHow long will it take money to quadruple itself if invested at 13% compounded annually?arrow_forwardExplain the true effect of more frequent compounding on annual interest amounts?arrow_forward
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