Engineering Economy
16th Edition
ISBN: 9780133582819
Author: Sullivan
Publisher: DGTL BNCOM
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Chapter 4, Problem 148FE
To determine
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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
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_forwardWhat 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_forward
- What 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_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_forward
- For 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_forwardB// Which of the following 1-year investments has the highest rate of return? (a) $12,500 that yields $1125 in interest, (b) $56,000 that yields $6160 in interest, or (c) $95,000 that yields $7600 in interest .arrow_forwardA series of equal quarterly deposits of $8,000 extends over a period of threeyears. It is desired to compute the future worth of this quarterly deposit seriesat 8% compounded monthly. Which of the equations shown is correct for thisoperation?(a) F= $8,000 (FIA, 8%, 3).(b) F= $8,000 (FIA, 2.01%,12).(c) F= $8,000 (FIA, 1%,12).(d) F= $8,000 (FIA, 3.03%, 12).arrow_forward
- State the amount accumulated by each of the following present investments:(a) $5,000 in 6 years at 7% compounded annually.(b)$1,3000 in 8years at 6% compounded annually.(c) $16,000 in 25 years at 10% compounded annually.(d) $10,000 in 10 years at 5% compounded annually.arrow_forwardhow to calculate this by calculator, plz show equations you used and calculationsarrow_forwardWhat equal-annual-payment series is required in order to repay each givenpresent amount?(a) $28,000 in four years at 7% interest compounded annually.(b)$4,800 in five years at 8% interest compounded annually.(c) $9,000 in six years at 5% interest compounded annually.(d) $33,000 in 15 years at 7% interest compounded annually.arrow_forward
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