Deposits of 35 000.00, 48 000.00, and 25 000.00 were made in a savings account eight years, five years, and two years respectively. Determine the accumulate amount in the account today if a withdrawal of 55 000.00 was made four years ago. The applied interest rate is 12% compounded continuously. SHOT ON REDMI 7AI DUAL CAMERA6. Deposits of P35 000.00, P48 000.00, and P25000.00 were made in a savings account eightyears, five years, and two years ago, respectively.Determine the accumulate amount in the accounttoday if a withdrawal of P55 000.00 was made fouryears ago. The applied interest rate is 12%compounded continuously.

Given:- Deposits of 35 000.00, 48 000.00, and 25 000.00 withdrawal =55 000.00 interest rate =12% To…

0 were made in a savings account eight years, five years, and two years respectively. Determine the accumulate amount in the account today if a withdrawal of 55 000.00 was made four years ago. The applied interest rate is 12% compo

0 were made in a savings account eight years, five years, and two years respectively. Determine the accumulate amount in the account today if a withdrawal of 55 000.00 was made four years ago. The applied interest rate is 12% compo

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

5th Edition

ISBN:9781305084766

Author:Saeed Moaveni

Publisher:Saeed Moaveni

Chapter20: Engineering Economics

Section: Chapter Questions

Problem 48P

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Question

Deposits of 35 000.00, 48 000.00, and 25 000.00 were made in a savings account eight years, five years, and two years respectively. Determine the accumulate amount in the account today if a withdrawal of 55 000.00 was made four years ago. The applied interest rate is 12% compounded continuously.

SHOT ON REDMI 7
AI DUAL CAMERA
6. Deposits of P35 000.00, P48 000.00, and P25
000.00 were made in a savings account eight
years, five years, and two years ago, respectively.
Determine the accumulate amount in the account
today if a withdrawal of P55 000.00 was made four
years ago. The applied interest rate is 12%
compounded continuously.

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