Contemporary Engineering Economics (6th Edition)
Contemporary Engineering Economics (6th Edition)
6th Edition
ISBN: 9780134105598
Author: Chan S. Park
Publisher: PEARSON
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Chapter 3, Problem 52P
To determine

Calculate the annual worth.

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What is the accumulated amount of a 8-year annuity paying ₱ 1,067 at the end of each year, with interest at 4% compounded annually if payments are done every beginning of the month?
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What sum deposited today at 9% compounded annually for 18 years will provide the same amount as $2100 deposited at the end of each year for 18 years at 8% compounded annually? What sum would have to be deposited today at 9% interest compounded annually? $ (Round to the nearest cent.)
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