ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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How much money would be accumulated 18 years from now from deposits of $15,000 per year for 5 consecutive years, starting 6 years from now, if the interest rate is 8% per year.
The amount that would be accumulated is determined to be $_____
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- am. 112.arrow_forwardAhmad wants to borrow KD10,000 now from a bank to purchase a new car. He would like to .1 repay the loan in equal quarterly payments over 20 years. Find the unpaid balance after the 64th payment if the effective interest rate is 5% per quarterarrow_forwardTrie winner of a state lottery will receive $5,300 per week for the rest of her life. If the winner's interest rate is 6.9% per year compounded weekly, what is the present worth of this jackpot? Note: Assume a 52-week year. The present worth of the jackpot is S. (Round to the nearest dollar.)arrow_forward
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