Contemporary Engineering Economics (6th Edition)
6th Edition
ISBN: 9780134105598
Author: Chan S. Park
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 3, Problem 55P
To determine
Calculate the value of C.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
What will be the amount accumulated by each of the given present investments?(a) $6.000 in 12 years at 8% compounded semiannually.(b) $14,500 in 18 years at 6% compounded quarterly.(c) $12,500 in 7 years at 8% compounded monthly.
Determine the present equivalent value of $400 paid over a period of 7 years in each of this situations: (a) The interest rate is 12% compounded annually (b) The interest rate is 12% compounded quarterly (c) The interest rate is 12% compounded continuously
Find the numerical value for the
following factors by using the
compound interest table and formula.
(а) (F/P, 7.6%, 10)
(b) (Р/F, 9%, 42)
Please show a cash flow diagram in your
solutions and box your final answer.
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
Knowledge Booster
Similar questions
- Anika wants to invest $200 a month at 4.25%/a compounded monthly for 10 years. a) b) c) What will be the total amount of her investments at the end of 10 years? How much of that money will be interest? If Anika paid $250 per month instead, how much more would she have at the end of 10 years?arrow_forwardQ1: A sum of $2000 borrowed at 16% compounded daily for 2 years, state (a) The nominal rate of interest (G); (b) The number of compounding periods per year (m); (c) The periodic rate of interest (i);arrow_forwardA problem on the midterm exam asked you to calculate the monthly payment on a $15,000 car loan at an interest rate of 9% compounded monthly to be repaid over 60 months, where 9% is the nominal annual interest rate. Some students incorrectly used 9% as the monthly interest rate. A monthly interest rate of 9% is equivalent to what effective annual interest rate? (a) Effective annual interest rate = 9% (b) Effective annual interest rate = 9% per month x 12 months per year = 108% (c) Effective annual interest rate = 9% per month ÷ 12 months per year 0.75% (d) Effective annual interest rate = (1+ effective monthly rate)12 – 1 = (1.09)12 – 1 = 181%arrow_forward
- draw the cash flow diagram pleasearrow_forwardUsing linear interpolation, determine the value of (a) (F/A, 11%, 15) and (b) (F/P, 16%, 25) from the compound interest tables. Compute this same value using the equation or a 5-BUTTON SOLUTION. Why do the values differ?arrow_forwardWhat is the future worth of each given series of payments?(a) $8,000 at the end of each year for five years at 7% compounded annually.(b) $10,000 at the end of each year for eight years at 8% compounded annually.(c) $18,000 at the end of each year for 20 years at 10% compounded annually.(d) $7.000 at the end of each year for 12 years at 12% compounded annually.arrow_forward
- How much money would you need to deposit today at 9% annual interest compounded monthly to have $12000 in the account after 6 years? A) $7,007 B) $20,550 $20,125 D) $7,155arrow_forwardfee cash flow diagramarrow_forwardSITUATION1: Five hundred pesos (P500.00) is deposited monthly to an account earning 7% compounded monthly. (a) what is the amount of the deposit after five years? (b) if the monthly deposit after two years is increased to P1,000. What is the amount of the deposit after five years? (c) repeat question (4) if the interest is 18% compounded monthly? barrow_forward
- Subject: financearrow_forwardProblem 1. Find the interest rate for each deposit and compound amount. (i) $8000 accumulating to $11,672.12 compounded quarterly for 8 years. (ii) $6725 accumulating to $10,353.47 compounded monthly for 7 years. Problem 2. Find the amount needed to be invested now to accumulate the following amount if the money is compounded as indicated. (ii) $4500 deposited at 3.6% compounded monthly to reach at least $11,000. Problem 3. (i) If $1000 are deposited into an account paying 3% compounded annually for 5 years, how much money is in the account at the end of the last deposit? (ii) If $800 are deposited into an account paying 6.51% compounded semiannually for 12 years, how much interest is earned at the end of the last deposit? Problem 4. (i) If $10,000 is needed in 12 years, how much should be deposited at the end of each year into an ac- count paying 5% compounded annually? (ii) If $150,000 is needed in 15 years, how much should be deposited at the end of each month…arrow_forward4.1 From the interest statement 18% per year, compounded monthly, determine the values for interest period, compounding period, and compounding frequency. 4.2 From the interest statement 1% per month, determine the values for interest period, compounding period, and compounding frequency. 4.3 Determine the number of times interest would be compounded in 6 months from the interest statements ( a ) 18% per year, compounded monthly, ( b ) 1% per month, and ( c ) 2% per quarter. 4.4 For an interest rate of 1% per 2 months, determine the number of times interest would be compounded in ( a) 2 months, ( b ) two semiannual periods, and ( c ) 3 years.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