ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Chapter 9, Problem 2P
To determine

The future worth of the deposited amount in the saving accounts of the individual.

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If you deposit dollar 10000 into a fund paying 6% interest compounded monthly. how much can you withdraw at the end of each month for 1 years.
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Assume that you deposited $750 in an account 5 years ago with 12% annual interest rate. How much money do you get in that account now?Use Compound interest only and check your answer with interest table.

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ENGR.ECONOMIC ANALYSIS

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