ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
expand_more
expand_more
format_list_bulleted
Related questions
Question
Transcribed Image Text:Suppose that you make a series of annual deposits into a bank account that pays 10% interest. The initial deposit at the
end of the first year is $1,200. The deposit amounts increase by $300 in each of the next 4 years. How much would you
have immediately after the 5th deposit?
O s10,642.42
O $9,000.00
O $11,705.56
O $8,925.12
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution
Trending nowThis is a popular solution!
Step by stepSolved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Similar questions
- please help solvearrow_forwardA loan of $245,000 is to be repaid in equal quarterly payments over a period of 5 years. If the interest rate is 14.5% compounded quarterly, what is the amount of unpaid principal at the beginning of the second year? O n. $309,156 O b. $104.203 O c. $218,858 O d. $217.228 O B. SI85,206 The annuul revernue, expenses, and deprecietion for a compeny ure S130,000; 32,000; and S15,000, respectively. What is the after-tux cushflow if the sffective income tax rate is 31S? O a. $52,820 O h. $25,730 Or $72.270 O d. $67.820 O e. S57,270 What is the value of (F/A, I, N) it (PlA, N) = 4.4354? O n. 2.2177 O b.4.4354 Oc 3.9919 O d. 18.3632 O e. 1.0000arrow_forwardPlease answer the following questions and post your answers in picture pleasearrow_forward
- Calculate the maturity value of a 300-day, $6,000 simple interest term deposit earning 5.15%. O a. $7,021.99 O b. $6,309.00 O c. $6,111.78 O d. $6,253.97 e. $5,756.34arrow_forwardConsider the following sequence of deposits & withdrawals over a period of 4 years. If you earn 10% interest, what would be the balance at the end of 4 years? ? $1,210 2 $1,000 $1,000 , $1,500 O a. $3,660.25 O b. $2,710.00 C. $ 3,352.79 O d. $2,981.00arrow_forwardI need excel formula. Thankyouarrow_forward
- Show complete solution and do not use excel.arrow_forwardThe first-year maintenance cost for a new automobile is estimated to be $100, and it increases at a uniform rate of 10% per year. Using an 8% interest rate, calculate the present worth of cost of the first 5 years of maintenance. Select one: O a. $620.56 O b. $380.24 Oc $480.42 O d. $550.24 Next page 1 GRO3-07.06.2021 Time:14.30 Jump to.. abiu Rabiu (Log out) CON 204 ary 14:31 to A Q 4x 0 ENG AK 24/06/2021 primearrow_forwardA series of equal semi-annual payments of $1,000 for 3 years is equivalent to what present amount at an interest rate of 12%, compounded annually? (All answers are rounded to nearest dollars.) O a. $4,804 O b. $4,500 O c. $5,401 d. $4,944arrow_forward
- 2. You will keep $1,000 in savings for one year. What is the EAR of each of the following saving accounts? And, which savings account should you choose? a) Savings account with 16% return compounded annuallyarrow_forwardThe maintenance cost for a car this year is expected to be $500. The cost will increase $50 each year for the subsequent 9 years. The interest 8% compounded annually. What is the present worth of the maintenance for the car over the full 10 years? O a. $4653.88 b. $4700.90 O c. $6730.99 O d. $6345.92 O e. None of the above Clear s 9. In the problem above, what is the future worth of the maintenance for the car over the full 10 years? a. $ 8796.66 b. $11234.55 c. $10047.38 d. $9234.88 O e. None of the above Other:arrow_forwardA loan of $300,000 is repayable by an annuity payable half-yearly in arrear for 20 years. The half-yearly repayment is calculated at a nominal rate of interest of 6.0% per annum convertible monthly and increases by $100 each half-year. Which of the following is the amount of the first payment? O $11,316.89 O $11,413.7 O $11,463.66 O $11,497.57 O $11,514.72 O $11,531.98 O $11,566.9 O $11,620.25 O $11,730.66arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Principles of Economics (12th Edition)EconomicsISBN:9780134078779Author:Karl E. Case, Ray C. Fair, Sharon E. OsterPublisher:PEARSON
Engineering Economy (17th Edition)EconomicsISBN:9780134870069Author:William G. Sullivan, Elin M. Wicks, C. Patrick KoellingPublisher:PEARSON
Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage Learning
Managerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-...EconomicsISBN:9781259290619Author:Michael Baye, Jeff PrincePublisher:McGraw-Hill Education
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education