ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Topic "Compound & Simple Interest". Write the solution and box the final answer.
- The sum of P26,000 was deposited in a fund earning interest at 8% per annum compounded quarterly. What was the principal in the fund at the end of 3 years?
- Find the interest on Php 8,600.00 for 3 years at 11% simple interest.
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- What is the future worth of a series of equal year end deposits of $2.800 for 13 years in a savings account that eams 10% annual interest if the following were true? (a) All deposits are made at the end of each year? (b) All deposits are made at the beginning of each year? O Click the icon to view the interest factors for discrete compounding when i 10% per year. (a) The future worth of a series of equal year-end deposits made at the end of each year is $ (Round to the nearest dollar) (b) The future worth of a series of equal year-end deposits made at the beginning of each year is $ (Round to the nearest dollar)arrow_forwardFor the following cash flow diagram, the equation that represents the equivalent at the end of (year 4) at 8% per year interest is: $3,500 $3,500 $3,500 $3,500 1 4 6. Years $24,000 · a. -24,000(F/P,8%,5)+3,500+3,500(P/A,8%, а. O b. -24,000(F/P,8%,5)+3,500(P/A,8%,4) O c. -24,000(F/P,8%,4)+3,500(P/A,8%,4) О с. d. -24,000(F/P,8%,4)+3,500+3,500(P/A,8%,arrow_forward
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