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 4, Problem 15P
To determine
Calculate the present worth.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Demarcus is planning to purchase a piece of property that he anticipates will cost $455,000 in 6 years. He has recently received a
significant bonus and would like to set aside money now to cover the cost of the property. Assuming Demarcus' money will be placed
into an account that will earn 7% annually, how much would he need to invest now to be able to purchase the land?
Click here to access the TVM Factor Table calculator.
Carry all interim calculations to 5 decimal places and then round your fınal answer to a whole number. The tolerance is ±5.
No excel!!! Worng answer will be downvote!!
At a recent boat show, Nautica Bank was offering add-on interest installment boat loans for up to 5 years with an APR of 18.5%. On new boats, a 20% down payment was required. Scott Vaughn wanted to finance a $65,000 boat for 5 years.
(a) What would be the finance charge on the loan (in $)?
(b) What would be the monthly payment (in $)? (Round your answer to the nearest cent.)
Plz do fast asap, urgent...fast
Chapter 4 Solutions
Basics Of Engineering Economy
Ch. 4 - State two conditions under which the do-nothing...Ch. 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 - The costs associated with manufacturing a...
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 - Prob. 31PCh. 4 - Two mutually exclusive projects have the estimated...Ch. 4 - Prob. 33PCh. 4 - Prob. 34PCh. 4 - Prob. 35PCh. 4 - Prob. 36PCh. 4 - Prob. 37PCh. 4 - The manager of engineering at the 900-megawatt...Ch. 4 - Prob. 39PCh. 4 - Prob. 40PCh. 4 - Prob. 41PCh. 4 - Three different plans were presented to the GAO by...Ch. 4 - The U.S. Army received two proposals for a turnkey...Ch. 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 - Prob. 60PCh. 4 - Prob. 61PCh. 4 - Prob. 62PCh. 4 - Prob. 63APQCh. 4 - Prob. 64APQCh. 4 - Prob. 65APQCh. 4 - Prob. 66APQCh. 4 - Prob. 67APQCh. 4 - Prob. 68APQCh. 4 - Prob. 69APQCh. 4 - Prob. 70APQCh. 4 - Prob. 71APQ
Knowledge Booster
Similar questions
- Peter has decided to make a deposit of $500 each quarter (starting next quarter) for 5 years. If the interest rate is 16%/year compounded monthly, the closest equivalent future value right after his last deposit is Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.arrow_forwardYour company has a $300,000 loan for a new security system it just bought. The annual payment is $ 28,500 and the interest rate is 7% per year for 20 years. Your company decides that it can afford to pay $40,000,000 per year. After how many payments (years) will the loan be paid off? Answer is Blank 1 years Note: do not use comma, no need to put the unit of measure and final answer must be in 2 decimal placesarrow_forwardPLS HELP ASAP ON BOTHarrow_forward
- Q) A civil engineer planning for her retirement places 11% of her salary each year into a high-technology stock fund. If her salary this year (end of year 1) is $200,000 and she expects her salary to increase by 4% each year, what will be th future worth of her retirement fund after 14 years provided it earns 8% per year? Solve it correctly. Typed or handwriting with concept use. Not solve in excel works.arrow_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_forwardMandy would like to go on a backpacking trip through Europe after she graduates. She will graduate in 2 years and estimates the trip would cost $2,800. She deposits money into an account that earns 11% annually. How much would she need to set aside now to be able to pay for the backpacking trip? Click here to access the TVM Factor Table calculator. $arrow_forward
- am. 134.arrow_forward(engineering economic) The $56000 loan bears interest at 12% annually and must be repaid in uniforrm annual installments over 12 years. After the 6th installment is paid, the bank offers a change in interest from an annual to a monthly rate. For borrowers who are willing to follow the new interest will get cash back (loan reduction of 10% of the remaining loan. How many annual installments for the first 6 years before interest changes and the last 6 years after interest changes?arrow_forwardRose invested P20,000 in a savings bank account that earned 3% simple interest. Find the interest earned if the amount was kept in the bank for 3 years and 6 months.arrow_forward
- (Please do the natural Calculation, thank you) The maintenance cost of a certain equipment is P40,000 per year for the first 5 years, P60.000 per year for the next 5 years, cost of overhaul at the end of the 5th and 8th year is P140,000. Find the equivalent uniform annual cost of maintenance if money is worth 6% compounded annually.arrow_forwardNote:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.arrow_forwardM2.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