ENGINEERING ECONOMIC ENHANCED EBOOK
ENGINEERING ECONOMIC ENHANCED EBOOK
14th Edition
ISBN: 9780190931940
Author: NEWNAN
Publisher: OXF
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Chapter 3, Problem 24P

(a)

To determine

The maturity value of $2442 placed in certificate of deposit (CD) for 10 years at 3.5% p.a. using formula.

(b)

To determine

The maturity value of $2442 placed in certificate of deposit (CD) for 10 years at 3.5% p.a. using interest tables and interpolation.

(c)

To determine

The maturity value of $2442 placed in certificate of deposit (CD) for 10 years at 3.5% p.a. using spreadsheet.

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