ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
expand_more
expand_more
format_list_bulleted
Question
Chapter 9, Problem 20P
To determine
The future worth of the fund by the time P is 21
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Planning for your wedding which would take place 10 years from now, you
started to deposit from today a lump sum money every quarter for 4 years
at nominal interest of 8% so that you can withdraw $50,000 at your
wedding day.a) Sketch the cash flow diagram for the above financial
plan.b) Calculate the amount of money that has to be deposited every
quarter.
Tim invested in a 3-year bond paying 4.7% simple interest. Upon maturity the bond was worth $2700. How much money did Tom invest?
Compound Interest. Determine the future value of $700 which is invested at10% interest which is compounded early after 8 years.
Chapter 9 Solutions
ENGR.ECONOMIC ANALYSIS
Ch. 9 - Prob. 2QTCCh. 9 - Prob. 3QTCCh. 9 - Prob. 1PCh. 9 - Prob. 2PCh. 9 - Prob. 3PCh. 9 - Prob. 4PCh. 9 - Prob. 5PCh. 9 - Prob. 6PCh. 9 - Prob. 7PCh. 9 - Prob. 8P
Ch. 9 - Prob. 9PCh. 9 - Prob. 10PCh. 9 - Prob. 11PCh. 9 - Prob. 12PCh. 9 - Prob. 13PCh. 9 - Prob. 14PCh. 9 - Prob. 15PCh. 9 - Prob. 16PCh. 9 - Prob. 17PCh. 9 - Prob. 18PCh. 9 - Prob. 19PCh. 9 - Prob. 20PCh. 9 - Prob. 21PCh. 9 - Prob. 22PCh. 9 - Prob. 23PCh. 9 - Prob. 24PCh. 9 - Prob. 25PCh. 9 - Prob. 27PCh. 9 - Prob. 28PCh. 9 - Prob. 29PCh. 9 - Prob. 30PCh. 9 - Prob. 31PCh. 9 - Prob. 32PCh. 9 - Prob. 33PCh. 9 - Prob. 34PCh. 9 - Prob. 35PCh. 9 - Prob. 36PCh. 9 - Prob. 37PCh. 9 - Prob. 38PCh. 9 - Prob. 39PCh. 9 - Prob. 40PCh. 9 - Prob. 41PCh. 9 - Prob. 42PCh. 9 - Prob. 43PCh. 9 - Prob. 44PCh. 9 - Prob. 45PCh. 9 - Prob. 46PCh. 9 - Prob. 47PCh. 9 - Prob. 48PCh. 9 - Prob. 49PCh. 9 - Prob. 50PCh. 9 - Prob. 51PCh. 9 - Prob. 52PCh. 9 - Prob. 53PCh. 9 - Prob. 54PCh. 9 - Prob. 55PCh. 9 - Prob. 56PCh. 9 - Prob. 57PCh. 9 - Prob. 58PCh. 9 - Prob. 59PCh. 9 - Prob. 60PCh. 9 - Prob. 61PCh. 9 - Prob. 62PCh. 9 - Prob. 63PCh. 9 - Prob. 64PCh. 9 - Prob. 65PCh. 9 - Prob. 66PCh. 9 - Prob. 67PCh. 9 - Prob. 68PCh. 9 - Prob. 69PCh. 9 - Prob. 70PCh. 9 - Prob. 71PCh. 9 - Prob. 72PCh. 9 - Prob. 73PCh. 9 - Prob. 74PCh. 9 - Prob. 75PCh. 9 - Prob. 77PCh. 9 - Prob. 78PCh. 9 - Prob. 79PCh. 9 - Prob. 80PCh. 9 - Prob. 81PCh. 9 - Prob. 83PCh. 9 - Prob. 84PCh. 9 - Prob. 85PCh. 9 - Prob. 86PCh. 9 - Prob. 87PCh. 9 - Prob. 88P
Knowledge Booster
Similar questions
- At what rate of interest, compounded annually will an investment triple itself in 8 years?arrow_forward$9000 is deposited into a savings account at the end of each year for 20 years. If the account pays 10% interest per year, how much value will the account have at the end of the 20 year period?arrow_forwardSolve for the present worth with cash flow diagramarrow_forward
- Jed opened a savings account and deposited P900.00 as principal. The account earns 15% interest, compounded continuously. What is the balance after 9 years?arrow_forwardSimple and Compound Interest a. Calculate the amount deposited 1 year ago to have SR1000 now at an interest rate of 5% per year. b. Calculate the amount of interest earned during this time period.arrow_forwardUsing the data given below, select the equation that will correctly calculate the future value of the cash flow at the end of Year 6. Use an interest rate of i =4% Year Income Expense 0 $10,000 1 $1000 2 $900 3 $800 4 $700 5 $600 6 $500 Group of answer choices {10,000 – 1,000(P/A, 4%, 6) -100(P/G, 4%, 5)} (P/F, 4%, 6) {10,000 – 1,000(F/A, 4%, 6) +100(F/G, 4%, 6)} (F/P, 4%, 6) {10,000 – 1,000(P/G, 4%, 6) +100(P/A, 4%, 6)} (F/P, 4%, 6) 10,000 – {1,000(P/A, 4%, 6) +100(P/G, 4%, 6)} (P/F, 4%, 6) {10,000 – 1,000(P/A, 4%, 6) +100(P/G, 4%, 6)} (F/P, 4%, 6)arrow_forward
- You want to borrow $1500 at 8% and you are willing to pay $210 in simple interest.How long can you keep the moneyarrow_forwardFaisal deposits $3,854 in a fund paying 3% annual compound interest; after 4 years the fund increases its interest rate to 7%; after 2 years of paying 7% interest the fund begins paying 11%. How much will be in the fund 10 years after the initial deposit?arrow_forwardJim Duggan made an investment of $10,000 in a savings account 10 years ago. This account paid interest of 5 1/2% for the first 4 years and 6 1/2% interest for the remaining 6 years. The interest charges were compounded quarterly. How much is this investment worth now?arrow_forward
- You sit down with the world's least helpful financial advisor who never tells you the future value of any investments but will give you the other info you need. Which investment option gives you the most money at the end of 10 years? Options: (A) Investing $1,000 at the beginning of each year with an annual interest rate of 8.5%. Interest compounds annually. (B) Investing $83.33 each month with an annual interest rate of 8%. Interest compounds monthly. (C) Investing $10,000 today with an annual interest rate of 5%. Interest compounds monthly.arrow_forwardBruce deposited $100 into the bank account. The account is credited with interest at a nominal annual interest rate of 4% which can be converted every half year. At the same time, Peter deposited $100 into a separate account. Peter's account is credited with annual interest of δ. After 7.25 years, their value for money is the same. calculate value δ!arrow_forwardDraw cash flow as well !!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:PEARSON
Engineering 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 Learning
Managerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage Learning
Managerial 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