Basics Of Engineering Economy
Basics Of Engineering Economy
2nd Edition
ISBN: 9780073376356
Author: Leland Blank, Anthony Tarquin
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 6, Problem 6P
To determine

Calculate the interest rate.

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Yvonne’s father was a true believer in “giving back.” He endowed a program 35 years ago to help students receive degrees when they are short on funds. If Yvonne wants to start her own scholarship fund that generates $10,000 annually starting next year, what is the amount she must contribute if earnings remain at 10% per year? The amount she must contribute if earnings remain at 10% per year is $X
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Yvonne’s father was a true believer in “giving back.” He endowed a program 35 years ago to help students receive degrees when they are short on funds. If Yvonne wants to start her own scholarship fund that generates $36,000 annually starting next year, what is the amount she must contribute if earnings remain at 8% per year?   The amount she must contribute if earnings remain at 8% per year is $  .

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Basics Of Engineering Economy

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