ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- How many quarters will it take to triple an initial investment at an interest rate of 14% compounded quarterly?arrow_forwardA $200,000 loan is to be repaid in equal yearly payments over 25 years at an interest rate of 4% compounded annually. To pay off the loan in its entirety at the end of the 16th year, how much must be paid?arrow_forwardWhat sum deposited today at 9% compounded annually for 18 years will provide the same amount as $2100 deposited at the end of each year for 18 years at 8% compounded annually? What sum would have to be deposited today at 9% interest compounded annually? $ (Round to the nearest cent.)arrow_forward
- If Phil borrows $25,000 from a loan company at an interest rate of 3.5% per year compounded weekly, and plans to make a payment of $850 per quarter, how may years will it take him to pay off the loan?If Phil borrows $25,000 from a loan company at an interest rate of 3.5% per year compounded weekly, and plans to make a payment of $850 per quarter, how may years will it take him to pay off the loan?arrow_forwardthe desired accumulated amount is $70,000 after 14 years invested in an account with 2% interest compounded annuallyarrow_forwardA cash flow at time zero (now) of $7,386 is equivalent to another cash flow that is an EOY annuity of $2,100 over five years (starting at year 1). Each of these two cash-flow series is equivalent to a third series, which is a uniform gradient series. What is the value of G for this third series over the same five-year time interval? Assume that the cash flow at the end of year one is zero. Choose the correct answer below. A. $1,050 B. $702 OC. $949 OD. $1,195 OE. Not enough information given.arrow_forward
- Find the present value of the given future payment at the specified interest r $5000 due in 20 years at 5% compounded annually The present value is approximately S (Round to the nearest cent as needed.)arrow_forwardWhat is the equal payment series for 6 years (the first payment is given at the end of year 1) that is equivalent to a single payment of $20,000 made at the end of the third year. (use i = 10 % compounded quarterly).arrow_forwardWhat is the future worth of the following series of payments? a) $30,000 at the end of each six-month period for five years at 8% compounded semiannually. b) $50,000 at the end of each quarter for 10 years at 6% compounded quarterly. c) $13,000 at the end of each month for six years at 9% compounded monthly.arrow_forward
- Ben deposits $5,000 now into an account that earns 7.5% interest compounded annually. He then deposits $1,000 per year at the end of the 1st and 2nd years. How much will the account contain 10 years after the initial deposit?arrow_forwardCompare the interest earned by $10,000 for three years at 9% simple interest with interest earned by the same amount for three years at 9% compounded annually. Why does a difference occur? Click the icon to view the interest and annuity table for discrete compounding when i=9% per year. The simple interest earned is (Round to the nearest dollar.) (Round to the nearest dollar.) The compound interest earned is $ There is a difference in the amount of interest earned because compound interest allows interest from previous years to earn additional interest, whereas simple interest only considers the original principal.arrow_forwardA $200,000 loan is to be repaid in equal yearly payments over 25 years at an interest rate of 4% compounded annually. If the loan is paid off using the 25-year schedule, how much interest will be paid in total?arrow_forward
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