ENGINEERING FUNDAMENTALS
ENGINEERING FUNDAMENTALS
6th Edition
ISBN: 9781337705011
Author: MOAVENI
Publisher: CENGAGE L
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Chapter 20, Problem 15P
To determine

Find the equivalent present worth of the cash flow diagram.

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hat is the equivalent present value of the following series of payments if the interest rate is 10% compounded annually? P7,000 for 1styear, P6,500 for 2ndyear, P6000 for 3rdyear, P5,500 for 4thyear, and P5,000 5thyear.   please also draw a cash flow diagram and dont use the table method
2. Attach a complete solution. Draw the cash flow diagram. Suppose that P 4500 is deposited each year into a bank account that pays 8% interest compounded quarterly. How much would be accumulated in his fund by the end of the 4th year? The first payment occurs at time zero (now).
Solve Problem 20.16 using Excel.
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