
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Transcribed Image Text:You are a Vice President of Finance for a small waste
disposal company who has just been fined
$500,000.00. You believe you will need the money in
six years, currently money market rates are paying
2.00% . How much do you need to invest at 2.00% to
each year to have the money available in six years?
$83,569.69 $76,124.29 $79,262.91 $78,159.39
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