Basics Of Engineering Economy
2nd Edition
ISBN: 9780073376356
Author: Leland Blank, Anthony Tarquin
Publisher: MCGRAW-HILL HIGHER EDUCATION
expand_more
expand_more
format_list_bulleted
Question
Chapter 3, Problem 42P
To determine
Calculate the future worth.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
IF you wanted to accumulate $800,000 for your retirement 30 years from now, by how much would you have to increase your monthly deposit (uniformly) each month if your first deposit is $100 and the interest rate is 7% per year compounded monthly?
Bill Mitselfik borrowed $16,000 to be repaid in quarterly installments over the next five years. The interest rate he is being charged is 20% per year compounded quarterly. What is his quarterly payment?
A company had replace one of its machine every five years with an initial cost of RM 18,000. Calculate how much money that the company has to save every month so that it can obtain RM 18,000 within five years if the interest rate is 6% per year compounded every month?
Chapter 3 Solutions
Basics Of Engineering Economy
Ch. 3 - Prob. 1PCh. 3 - Prob. 2PCh. 3 - Prob. 3PCh. 3 - Prob. 4PCh. 3 - Prob. 5PCh. 3 - Convert an interest rate of 1.5% per month into a...Ch. 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 - Erbitux is a colorectal cancer treatment drug that...Ch. 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 - The initial cost of a pulverized coal cyclone...Ch. 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. 68APQCh. 3 - Prob. 69APQCh. 3 - Prob. 70APQCh. 3 - Prob. 71APQCh. 3 - Prob. 72APQCh. 3 - Prob. 73APQCh. 3 - Prob. 74APQCh. 3 - Prob. 75APQCh. 3 - Prob. 76APQ
Knowledge Booster
Similar questions
- Barbara borrowed a certain amount of money and repaid the loan with ten payments. The first five of her payments were P5631 per year with an interest rate of 8% per year compounded continuously, and the next five years had payments of P12318 per year with 12% compounded continuously. How much did she borrow?arrow_forwardFind the effective annual interest rate given a quarterly interest rate of 3.3%arrow_forwardIn an effort to save money for early retirement, an environmental engineering colleague plans to deposit $1,300 per month, starting one month from now, into a fixed rate account that pays 8% per year compounded semi-annually. How much will be in the account at the end of 23 years? At the end of 23 years, the account will be $arrow_forward
- You've decided you will put $300 in the bank in year 1 and increase the deposit amount every year by $50 for twenty years (last deposit in year 20). What is the present worth of that money now if the interest rate is 4% per year?arrow_forwardCompute the value at the end of the 8th year for the cash flow diagram shown below if i=8% per year, compounded annually. What is the value of this cash flow system at the end of year 2? Confirm your calculations using more than approach.arrow_forwardWhat nominal rate per 6-months is equivalent to an effective rate of 11% per year, compounded continuously? The nominal rate per 6-months that is equivalent to an effective rate of 11% per year, compounded continuously is 5.65 %.arrow_forward
- What is the present value of $100 realized two years from now if the interest rate is 10%?arrow_forwardif the nominal rate is 11.5% per year compounded continuously, what is the equivalent effective rate of interest per quarter?arrow_forwardIf you borrowed P10000 from a bank with 18% interest per annum, what is the total amount to be repaid at the end of one year?arrow_forward
- The annual cost of a certain service is $41,000 at EOY I which decreases by 7.5% per year for a period of 12 years. If the interest rate is 7.5% per year, what is the present equivalent of the annual cost at the beginning of year 1?arrow_forwardYou inherited $12,000 from your Great-Uncle Michael. If you invest it and average an 8% annual rate of return (compounded annually), how much will you have in 20 years?arrow_forwardMr. Smith has saved $1969 each year for 20 years. A year after the saving period ended, Mr. Smith withdrew $7365 each year for a period of 5 years. In the sixth and seventh years, he only withdrew $5136 per year. In the eighth year, he decided to withdraw the remaining money in his account. If the interest rate was 6.41% per year throughout the whole period, what was the amount he withdrew at the end of the eighth year?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Principles of Economics (12th Edition)EconomicsISBN:9780134078779Author:Karl E. Case, Ray C. Fair, Sharon E. OsterPublisher:PEARSONEngineering Economy (17th Edition)EconomicsISBN:9780134870069Author:William G. Sullivan, Elin M. Wicks, C. Patrick KoellingPublisher:PEARSON
- Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage LearningManagerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage LearningManagerial Economics & Business Strategy (Mcgraw-...EconomicsISBN:9781259290619Author:Michael Baye, Jeff PrincePublisher:McGraw-Hill Education
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education