Basics Of Engineering Economy
Basics Of Engineering Economy
2nd Edition
ISBN: 9780073376356
Author: Leland Blank, Anthony Tarquin
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 10, Problem 35P
To determine

Calculate the future value.

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When the inflation rate is 4% per year, how many inflated dollars will be required 20 years from now to buy the same things that $10,000 buys now?
A multinational security software company is planning an overseas expansion that will cost $47 million of today’s dollars 3 years from now. Due to a robust economy in Europe, the cost is expected to increase by 17% per year in each of the next 3 years. Assuming the inflation rate is 4% per year, determine the required annual deposit into a fund that earns the market rate of 9% per year to ensure that the amount needed in 3 years will be available.     The required annual deposit is $  .
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Basics Of Engineering Economy

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