ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- Suppose Kay inherits $250,000, which she invests today at a rate of return of 9 percent compounded annually. Who much will Kay's investment be worth in 25 years?arrow_forwardQ.2. How many years will it take to triple your investment of $5,000 if it has an interest rate of 10% compounded annually? Q.3. If you want to withdraw $10,000 at the end of two years and $20,000 at the end of four years, how much should you deposit now into an account that pays 10% interest compounded annually?arrow_forwardAfter graduation, you face a choice. One option is to work for a multinational consulting firm and earn a starting salary (benefits included) of $40,000. The other option is to use $6,000 in savings to start your own consulting firm. You could earn an interest return of 5 percent on your savings. You choose to start your own consulting firm. At the end of the first year, you add up all of your expenses and revenues. Your total includes $9,000 in rent, $850 in office supplies, $18,000 for office staff, and $3,500 in telephone expenses. Your explicit costs are $ Your implicit costs are $arrow_forward
- How much will be in a bank account at the end of five years if $2000 is invested today at 12 percent interest per annum, compounded yearly?arrow_forwardNow that young King Solomon has inherited the kingdom of Israel, and a massive amount of wealth that he can invest, he wants to plan for his "retirement." Since he doesn't know how long he'll live, and data on life expectancy is scarce, he reasons that he just wants a regular "cash flow" over the course of his life. With that in mind, how many shekels would he need to deposit at 20 percent interest compounded every year in order to be able to withdraw 50 shekels at the end of every year for seventy years?arrow_forwardFind the present value of $750 to be paid four years from now when the prevailing interest rate is 10 percent, if interest is compounded annually.arrow_forward
- Emily recently graduated with a B.A. in economics and was offered a job with a small but growing company for $40,600 per year. About the same time, Emily inherited $65,000. She decided to pass up the job and use her inheritance to purchase a bubble tea shop rather than put the money into a bond fund (as her uncle suggested), which would have paid 6 percent per year interest. Emily works full-time at her new business, and at the end of the year she had revenues of $77,000 and total explicit costs of $30,000. a. What was Emily's accounting profit or loss for the year? Accounting (Click to select) $ b. What was her economic profit or loss for the year? Economic (Click to select)arrow_forwardFind the present value of $750 to be paid four years from now when the prevailing interest rate is 10 percent, if interest is compounded annually.arrow_forwardEmily recently graduated with a B.A. In economics and was offered a job with a small but growing company for $40,200 per year. About the same time, Emily inherited $60,000. She decided to pass up the job and use her inheritance to purchase a bubble tea shop rather than put the money into a bond fund (as her uncle suggested), which would have paid 5 percent per year interest. Emily works full-time at her new business, and at the end of the year she had revenues of $78,000 and total explicit costs of $38,600. a. What was Emily's accounting profit or loss for the year? Accounting (Click to select) : $ b. What was her economic profit or loss for the year? Economic (Click to select) : $arrow_forward
- If you deposit $4,800 at the end of each of the next 15 years into an account paying 11.3 percent interest, how much money will you have in the account in 15 years? How much will you have if you make deposits for 30 years?arrow_forward4) How much money will be in a bank account at the end of 15 years if $100 is deposited today and the interest rate is 8 percent compounded annually?arrow_forward
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