Engineering Economy (16th Edition) - Standalone book
16th Edition
ISBN: 9780133439274
Author: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher: PEARSON
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Chapter 4, Problem 148FE
To determine
Calculate the
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Elin purchased a used car for $10,000. She wrote a check for $2,000 as a down payment for the car and financed the $8,000 balance. The annual percentage rate (APR) is 9% compounded monthly, and the loan is to be repaid in equal monthly installments over the next four years. Which of the following is most near to Elin’s monthly car payment? (a) $167 (b) $172 (c) $188 (d) $200 (e) $218
Chapter 4 Solutions
Engineering Economy (16th Edition) - Standalone book
Ch. 4 - Prob. 1PCh. 4 - Prob. 2PCh. 4 - Prob. 3PCh. 4 - Prob. 4PCh. 4 - Prob. 5PCh. 4 - Prob. 6PCh. 4 - Prob. 7PCh. 4 - Prob. 8PCh. 4 - Prob. 9PCh. 4 - Prob. 10P
Ch. 4 - Prob. 11PCh. 4 - Prob. 12PCh. 4 - Prob. 13PCh. 4 - Prob. 14PCh. 4 - Prob. 15PCh. 4 - Prob. 16PCh. 4 - Prob. 17PCh. 4 - Prob. 18PCh. 4 - Prob. 19PCh. 4 - Prob. 20PCh. 4 - Prob. 21PCh. 4 - Prob. 22PCh. 4 - Prob. 23PCh. 4 - Prob. 24PCh. 4 - Prob. 25PCh. 4 - Prob. 26PCh. 4 - Prob. 27PCh. 4 - Prob. 28PCh. 4 - Prob. 29PCh. 4 - Prob. 30PCh. 4 - Twelve payments of 10,000 each are to be repaid...Ch. 4 - Prob. 32PCh. 4 - Automobiles of the future will most likely be...Ch. 4 - Prob. 34PCh. 4 - Prob. 35PCh. 4 - A geothermal heat pump can save up to 80% of the...Ch. 4 - Prob. 37PCh. 4 - Prob. 38PCh. 4 - Prob. 39PCh. 4 - Prob. 40PCh. 4 - Prob. 41PCh. 4 - Prob. 42PCh. 4 - Prob. 43PCh. 4 - Prob. 44PCh. 4 - Prob. 45PCh. 4 - Prob. 46PCh. 4 - Prob. 47PCh. 4 - Prob. 48PCh. 4 - Prob. 49PCh. 4 - Prob. 50PCh. 4 - Prob. 51PCh. 4 - Prob. 52PCh. 4 - Prob. 53PCh. 4 - Prob. 54PCh. 4 - Prob. 55PCh. 4 - Prob. 56PCh. 4 - Prob. 57PCh. 4 - Prob. 58PCh. 4 - Prob. 59PCh. 4 - Maintenance expenses for a bridge on the Ohio...Ch. 4 - Prob. 61PCh. 4 - Prob. 62PCh. 4 - Prob. 63PCh. 4 - Prob. 64PCh. 4 - Prob. 65PCh. 4 - Prob. 66PCh. 4 - Prob. 67PCh. 4 - Prob. 68PCh. 4 - Prob. 69PCh. 4 - Prob. 70PCh. 4 - Prob. 71PCh. 4 - Prob. 72PCh. 4 - Prob. 73PCh. 4 - Prob. 74PCh. 4 - Prob. 75PCh. 4 - Prob. 76PCh. 4 - Prob. 77PCh. 4 - Prob. 78PCh. 4 - Prob. 79PCh. 4 - Prob. 80PCh. 4 - Prob. 81PCh. 4 - Prob. 82PCh. 4 - Prob. 83PCh. 4 - Prob. 84PCh. 4 - Prob. 85PCh. 4 - Prob. 86PCh. 4 - Prob. 87PCh. 4 - Prob. 88PCh. 4 - Prob. 89PCh. 4 - Prob. 90PCh. 4 - Prob. 91PCh. 4 - Prob. 92PCh. 4 - Prob. 93PCh. 4 - Prob. 94PCh. 4 - Prob. 95PCh. 4 - Prob. 96PCh. 4 - Prob. 97PCh. 4 - Prob. 98PCh. 4 - Prob. 99PCh. 4 - Prob. 100PCh. 4 - A large bank has increased its annual percentage...Ch. 4 - Prob. 102PCh. 4 - Prob. 103PCh. 4 - Prob. 104PCh. 4 - Prob. 105PCh. 4 - Prob. 106PCh. 4 - Prob. 107PCh. 4 - Prob. 108PCh. 4 - Prob. 109PCh. 4 - Prob. 110PCh. 4 - Prob. 111PCh. 4 - Prob. 112PCh. 4 - Prob. 113PCh. 4 - Prob. 114PCh. 4 - Prob. 115PCh. 4 - Prob. 116PCh. 4 - Prob. 117PCh. 4 - Prob. 118PCh. 4 - Prob. 119PCh. 4 - Prob. 120PCh. 4 - Prob. 121PCh. 4 - Prob. 122PCh. 4 - Prob. 123PCh. 4 - Prob. 124PCh. 4 - Prob. 125PCh. 4 - Prob. 126PCh. 4 - Analyze the truth of this statement, assuming you...Ch. 4 - Prob. 128PCh. 4 - Prob. 129SECh. 4 - Prob. 130SECh. 4 - Prob. 131SECh. 4 - Prob. 132SECh. 4 - Prob. 133CSCh. 4 - Prob. 134CSCh. 4 - Prob. 135CSCh. 4 - Prob. 136FECh. 4 - Prob. 137FECh. 4 - Prob. 138FECh. 4 - Prob. 139FECh. 4 - Prob. 140FECh. 4 - Prob. 141FECh. 4 - Prob. 142FECh. 4 - Prob. 143FECh. 4 - Prob. 144FECh. 4 - Prob. 145FECh. 4 - Prob. 146FECh. 4 - Prob. 147FECh. 4 - Prob. 148FECh. 4 - Prob. 149FECh. 4 - Prob. 150FECh. 4 - Prob. 151FE
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- The plan was to leave $15,000 on deposit in a savings account for 15 years at 2.0% interest compounded annually. It became necessary to withdraw $1,000 at the end of the 5th year. How much will be on deposit at the end of the 15 year period? (a) $27,000 (b) $22,000 (c) $19,000arrow_forwardYou borrow $15,000 from a bank to be repaid in monthly installments for three years at 15% interest compounded monthly. What is the portion of interest payment for the 15th payment?(a) $150(b) $188 (c) $180(d)$124arrow_forwardHow much money should be deposited now in an account that pays 12% interest compounded annually in order to make five equal annual withdrawals of $8,000?(a) $8,052(b) $9,050(c) $16,761(d)$28,839arrow_forward
- What is the payback period according to the attached table? Period Cash Flow MARR Cost of Fund Payments Commulative C.F. (4,000,000) (4,000,000) (3,980,000) (3,957,600) (3,932,512) (3,404,413) 6. (4,000,000) (3,980,000) (3,957,600) (3,932,512) (3,404,413) (2,812,943) (2,150,496) (908,556) 12% 12% 12% 12% 1 (480,000) (477,600) (474,912) (471,901) (408,530) (337,553) (258,060) (109,027) 57,890 500,000 2 500,000 3 500,000 4. 1,000,000 5. 12% 1,000,000 (2,812,943) (2,150,496) (908,556) 12% 1,000,000 1,500,000 1,500,000 1,500,000 7. 12% 12% 12% 12% 8 482,418 2,040,308 3,785,145 482,418 10 2,040,308 244,837 1,500,000 O a. 10 years Ob. 3 years 5 years O d. 8 years Oe. None of the abovearrow_forwardWhat equal annual payment series is required to repay the following present amounts? (a) $14,000 in five years at 7.5% interest compounded annually. (b) $7,500 in seven years at 6.25% interest compounded annually. (c) $5,000 in six years at 5% interest compounded annually. (d) $20,000 in 18 years at 4.75% interest compounded annually.arrow_forwardPlease answer all parts....arrow_forward
- If $500 is deposited in a savings account at the beginning of each quarter for10 years and the account earns 8% interest compounded quarterly, what will bethe balance in the account at the end of 10 years?(a) $28,933 (b) $30,201(c) $31,421 (d) $30,805arrow_forwardMake the following flow DIAGRAM: -50,000 - 1,000 (P/A, 6%, 2) (P / F, 6%, 1) + 5,000 (P / A, 6%, 4) (P / F, 6%, 3) -2,000 (P / F, 6%, 5)arrow_forwardFor the net cash flow and cumulative cash flows shown, the value of x is nearest: (a) $−8,000 (b) $−16,000 (c) $16,000 (d) $41,000 Year 1 2 3 4 5 Net Cash Flow, $ +13,000 −29,000 −25,000 50,000 x CCF, $ +13,000 −16,000 −41,000 +9000 +1000arrow_forward
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