ENGINEERING FUNDAMENTALS
6th Edition
ISBN: 9781337705011
Author: MOAVENI
Publisher: CENGAGE L
expand_more
expand_more
format_list_bulleted
Question
Chapter 20, Problem 31P
To determine
Find the value of
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Q3:How much money must you deposit in year 6 if you deposit $5000
now and you want to have $12,000 at the end of year 11?
Assume your deposits earn interest at 6% per year.
[40 marks]
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).
4. Use the cash flow diagranm below to calculate the amount of money in year
that is equivalent to all the cash flows shown, if the interest rate is 12%
5.
per year.
2 3
4
6 7 8 9 10 11 12 13 Year
$1000
$2000
Chapter 20 Solutions
ENGINEERING FUNDAMENTALS
Ch. 20.4 - Prob. 1BYGCh. 20.4 - Prob. 2BYGCh. 20.4 - Prob. 3BYGCh. 20.4 - Prob. 4BYGCh. 20.4 - Prob. 5BYGCh. 20.4 - Prob. BYGVCh. 20.5 - Prob. 1BYGCh. 20.5 - Prob. 2BYGCh. 20.5 - Prob. 3BYGCh. 20.5 - Prob. BYGV
Ch. 20.8 - Prob. 1BYGCh. 20.8 - Prob. 2BYGCh. 20.8 - Prob. 3BYGCh. 20 - Prob. 1PCh. 20 - Prob. 2PCh. 20 - Prob. 3PCh. 20 - Prob. 4PCh. 20 - Prob. 5PCh. 20 - Prob. 6PCh. 20 - Prob. 7PCh. 20 - Prob. 8PCh. 20 - Prob. 9PCh. 20 - Prob. 10PCh. 20 - Prob. 11PCh. 20 - Prob. 12PCh. 20 - Prob. 13PCh. 20 - Prob. 14PCh. 20 - Prob. 15PCh. 20 - Prob. 16PCh. 20 - Prob. 17PCh. 20 - Prob. 18PCh. 20 - Prob. 19PCh. 20 - Prob. 20PCh. 20 - Prob. 21PCh. 20 - Prob. 22PCh. 20 - Prob. 23PCh. 20 - Prob. 24PCh. 20 - Prob. 25PCh. 20 - Prob. 26PCh. 20 - Prob. 27PCh. 20 - Prob. 28PCh. 20 - Prob. 29PCh. 20 - Prob. 30PCh. 20 - Prob. 31PCh. 20 - Prob. 32PCh. 20 - Prob. 33PCh. 20 - Prob. 34PCh. 20 - Prob. 35PCh. 20 - Prob. 36PCh. 20 - Prob. 37PCh. 20 - Prob. 38PCh. 20 - Prob. 39PCh. 20 - Prob. 40PCh. 20 - Prob. 41PCh. 20 - Prob. 42PCh. 20 - Prob. 43PCh. 20 - Prob. 44PCh. 20 - Prob. 45PCh. 20 - Prob. 46PCh. 20 - Prob. 47PCh. 20 - Prob. 48PCh. 20 - Prob. 49PCh. 20 - Prob. 50PCh. 20 - Prob. 52PCh. 20 - Prob. 53PCh. 20 - Prob. 54P
Knowledge Booster
Similar questions
- -What is the principal amount if the interest at the end of 2.5 years is 4,500 with a simple interest rate of 6.01% per year? -How long does a 40,000 note with 4.02% simple interest have to run to equal 41,400? -What is the annual rate of interest if 16,000 earns 482 in 9 months? 3 decimal places thank youarrow_forwardQuestion 2 (1 point) Listen Rachel can earn 3% interest in her savings account. Her daughter Dani is 11 years old today. Suppose Rachel deposits $4000 today, and one year from today she deposits another $500. Each year she increases her deposit by $500 until she makes her last deposit on Dani's18th birthday. how much is on deposit after the 18th birthday? $20,635.62 $18,236.68 $23,623.00 $26,369.36 Previous Page Next Pagearrow_forwardI need to solve all questions and in handwriting Q3/ Find the effective interest rate per quarter at nominal interest rate og 8% compounded a)quarterly, b) monthly, c) weekly, and d) daily Q4/ Suppose you make $500 deposit monthly at interest rate of 10% compounded monthly. What is the amount (F) will be at the end of 10 years?arrow_forward
- I need the solution in handwriting Q1/ If the first deposit was $5,000 and decreased by $150 during the five years. Calculate the equivalent P and then the equivalent A?i=5% 5 4 5000 3 2 1arrow_forwardDeposits of 35 000.00, 48 000.00, and 25 000.00 were made in a savings account eight years, five years, and two years respectively. Determine the accumulate amount in the account today if a withdrawal of 55 000.00 was made four years ago. The applied interest rate is 12% compounded continuously.arrow_forwardSolve Problem 20.16 using Excel.arrow_forward
- Your future company has purchased a machine and has entered into a contract that requires the company to pay $2000 each year for the upgrade of machine components at the end of years 6, 7, and 8. In anticipation of the upgrade cost, your company has decided to deposit equal amounts ( X ) at the end of each year for five years in a row in an account that pays i = 6% . The first deposit is made at the end of the first year. What is the value of X?arrow_forwardA man will deposit 200 with a savings bank at the beginning of each 3 months for 9 years. If the bank pays interest at the rate of 5.5% quarterly, find the sum to his credit just after the last deposit. *written solution pleasearrow_forwardCalculate the total present worth of the cash flow below using an interest rate of 2.8% and when Q is: i. $1950 ii. $1250 iii. $580 iv. $0 0 1 2 3 4 5 6 Which case from (i), (ii), (iii), and (iv) produces the highest total present worth? is it the best case to invest in? Why? $14700 + $335 $335 → $750 00sS → $950arrow_forward
- Problem2. Josh created two cash flow diagrams shown at the bottom of this page. The cash flows for alternative B represent two life cycles of A. Calculate the annual worth value of each over the respective life cycles to demonstrate that they are the same. Use an interest rate of 10% per year. Alternative A Alternative B $1000 i = 10% per year $1000 1 3 2 3 4 5 6 Year Year $25 $25 $25 $25 $25 $25 $25 $25 $25 $4000 $5000 $5000 2.arrow_forwardQuestion 10 If $280 is deposited in a savings account at the beginning of each year for 14 years and the account draws interest at 6.6% per year, compounded annually, the value of the account at the end of 14 years will be most nearly Express your answer in whole number.arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Engineering Fundamentals: An Introduction to Engi...Civil EngineeringISBN:9781305084766Author:Saeed MoaveniPublisher:Cengage Learning
Engineering Fundamentals: An Introduction to Engi...
Civil Engineering
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Cengage Learning