ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- How long in years will a certain sum of money to doubles its amount when deposited at a rate of 4% compounded bi-monthly?arrow_forwardYou just deposited $1,500 in a bank account that pays a 6.0% nominal interest rate, compounded quarterly. If you also add another $5,000 to the account one year (4 quarters) from now and another $6,500 to the account two years (8 quarters) from now, how much will be in the account three years (12 quarters) from now? O a. $15,543.04 O b. $14,324.75 Oc. $13,195.00 O d. $13,594.06 Oe. $14,294.52arrow_forwardDr. Pepito Perigrino wishes to have Php150,000.00 when he retires 15 years from now. If he can expect to receive 6% annual interest, how much should she set aside in each of 20 equal annual beginning-of-year deposits? O a. P3,487.00 O b. P3,874.00 O c. P3,784.00 O d. P3,847.00arrow_forward
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- In solving, indicate the Cash Flow Diagram and Solution 1. On January 1, 2005, a person's savings account was worth Php 200,000. Every month thereafter, this person makes a cash contribution of Php 676 to the account. If the fund was expected to be worth Php 400,000 on January 1, 2010, a.) What monthly rate of interest was being earned on this fund? b.) What is the nominal rate compounded monthly? c.) What is the equivalent effective interest rate per year? Write your answer in decimal form and round it off into 5 decimal places. References:arrow_forwardPls answer asap. Thank you .. I will rate helpfularrow_forwardDiscount PHP 216,000 for120 days at a discount interest rate of 8%. (Note: To discount an amount means to find its present value.)arrow_forward
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