ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- A loan for P 60,000.00 is to be paid in 4 years at the amount of P 75,000.00 . What is the effective rate of money?
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- what interest rate, componded continously, is needed for a principalof 4000 to increaseto 13000 in 10 yearsarrow_forwardYou want to borrow $1500 at 8% and you are willing to pay $210 in simple interest.How long can you keep the moneyarrow_forwardWhat will be the rate for a sum taken for 5 years at 8% p.a. compounded half-yearly?arrow_forward
- If you deposit $10000 into a fund paying 6% interest. how much will be the amount after 1 years.arrow_forwardIf you wish to have $800 in your savings account at the end of 4 years with 5% APR interest. How much should you put into the savings account now?arrow_forwardSomeone decides to purchase a vehicle. They will finance the entire purchase and can afford to pay $400 per month. The loan is for 36 months and there is a 7% annual interest rate. What is the maximum purchase price they can afford?arrow_forward
- A gamer decides to buy the latest state-of- the-art gaming laptop. The gamer sets aside a value of USD 15,000 per month for all of his wants. Given his budget, the gamer can afford to buy a gaming laptop for a down payment of USD 8,000 and a monthly annuity with a value not exceeding 40% of his "WANTS Budget". If the gaming laptop seller agrees to the down payment value, and the balance payable in 5 years at 20% per year payable on a monthly basis, what is the maximum price of the gaming laptop he can afford to purchase?arrow_forward3 A sum of $6000 is invested at an interest rate of 7% per year. Find the time required fokthe Money to double if the interest is compounded according to the following method.arrow_forwardMr. Cardo Dalisay deposit of Php 3000 earns 2% interest compounded semiannually. He waited years for his money to increase. How much money is in the bank after for 4 years?arrow_forward
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