ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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What is the amount of the quarterly deposits, A, such that you will be able to withdraw the amounts shown in the cash flow diagram, if the interest rate is 10% compounded quarterly?
Use equation of value with focal point at Pt. 8. Show Cash Flow Diagram.
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- follow instructions. don't forget to make the diagramarrow_forwardQ2 Mr. Zzz deposited $25,000 in a bank which offers a compound annual interest of 7%. How long will it takes him to get his amount matured for $ 35,800 if the interest is compounded quarterly.arrow_forwardHow many years will it take for an amount of $2500 to triple is invested at an interest rate of 6% compounded annually? Provide equation used to solve and explain.arrow_forward
- Liz plans to deposit $20,000 in the bank now and another $5,000 two years from now. If she plans to withdraw $8,000 three years after her last deposit, what will be the amount of money left in the bank after three years of her withdrawal? Use a 10% interest rate and draw a cash flow diagram.arrow_forwardOnly typed answerarrow_forwardfollow instructions. dont forget to do the diagramarrow_forward
- if rate is asked, your input should be in percentage.arrow_forwardFind the present value of the given future payment at the specified interest r $5000 due in 20 years at 5% compounded annually The present value is approximately S (Round to the nearest cent as needed.)arrow_forwardIf $800 is deposited in a savings account at the beginning of each year for 12 years and the account earns 8% interest compounded quarterly, what will be the balance on the account at the end of 15 years?arrow_forward
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