ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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PLEAS ANSWER Q3 and Q4
Q3:
Valtro Electronic Systems, Inc. set aside a lump
sum of money 4 years ago in order to finance a
plant expansion now. If the money was invested in
a 10% per year simple interest certificate of de-
posit, how much did the company set aside if the
certificate is now worth $850,000?
Q4:
KAN
THEY
T
How many years would it take for money to triple
in value at 20% per year simple interest'?
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Transcribed Image Text:Q3: Valtro Electronic Systems, Inc. set aside a lump sum of money 4 years ago in order to finance a plant expansion now. If the money was invested in a 10% per year simple interest certificate of de- posit, how much did the company set aside if the certificate is now worth $850,000? Q4: KAN THEY T How many years would it take for money to triple in value at 20% per year simple interest'?
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