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- After how many years will Nicole's investment triple if invested at 10% per anmum, net of deductions,compounded quarterly?Engineering Economy Question Suppose you have a growth rate (j=5%) Now, initially the fixed cash flow was solved and figured out to be $20,000. What's the formula for converting the fixed annuity payment to a geometric one?You need to borrow $250,000 right now and can repay the loan in 9 months. Since you want to pay as little interest as possible, which type of loan should you take? A B a discounted loan at 8% per annum a simple interest loan at 7% per annum
- f you loan your friend $1500 today and she gives you $2000 back in four years what is your annual rate of return on this loan.At an interest rate of 2% per month, the money will double in value in how many months? a. 20 months b. 22 months c. 24 months d. 35 monthsEngineering Economics 2-) We have a five-year contract, compounded quarterly, at a rate of 16% per year. $12 million per quarter. What is the present value of the contract?
- How much money must be invested now at 8% to purchase a machine in 5 years ?for $200,000You want to lend $12,000 as a bank deposit in a private bank with an interest rate 3 % per month. You plan to withdraw principle and interest as equal/uniform end-of- period payments over 32 MONTHS. What is the value of the total payment? What is the total interest paid to you at the end of 32 months?1.Find the present value of $20800 in 4 months at 12% simple interest. a)$200 b)$200,000 c)$2000 d)$20000 2.The simple interest on a $6500 loan at 15% for 9 months is. a)$731.25 b)$7312.50 c)$73.13 d)$2925 3. If we deposit $5000 in an account that pays 9% per year. Find the amount of simple interest earned during 8 months. a)$3000 b)$300 c)$360 d)$3600 4.The simple interest charged on a loan amount of $8500 for 2 years was $1275. What rate of interest was charged a)22.5% b)3.75% c)15% d)7.5% 5.What rate of simple interest will make a principal double itself in 6 years. a)16.67% b)8.33% c)33.33% d)4.16% 6.Find the present value of $20800 in 4 months at 12% simple interest. a)$200 b)$200,000 c)$2000 d)$20000
- 4.) how long will it take for an investment of $5000 to grow to 7500 if it earns 10% interests per year.A streaming service charges one fee ($500) for a 2-year subscription. If a 12% nominal annual interest rate with compounding every month is used. a. What is the effective annual interest rate? b. What is the cost per year of the streaming service?1 Mac's credit card statement included $1297.00 in cash advances and $143.91 in interest charges. The interest rate on the statement was 12% p.a. For how many days was Mac charged interest? G The number of days required is. (Round up the final answer to the nearest day as needed. Round all intermediate values to six decimal places as needed.)