ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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2. A company that utilizes carbon fiber 3-D printing wants to have money available two years from
now to add new equipment. The company currently has $650,000 in a capital account and it plans
to deposit $200,000 now and another $200,000 one year from now. What is the total amount
available in two years, provided it retums a compounded rate of 15% per year.
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Transcribed Image Text:2. A company that utilizes carbon fiber 3-D printing wants to have money available two years from now to add new equipment. The company currently has $650,000 in a capital account and it plans to deposit $200,000 now and another $200,000 one year from now. What is the total amount available in two years, provided it retums a compounded rate of 15% per year.
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