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 3, Problem 38P
To determine

Calculate the Annual worth.

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You borrow $1,100 at an interest rate of 10% per year compounded semiannually. The future value F after 5 years is closest to:"     " $1,791.78 "     " $1,820.56 "     " $1,745.25 "     " $1,625.25 "
Calculate the amount of simple interest and the amount for:a)$40,000 at 36% per year in 3 years and four months.
A certain sum of money will be deposited in a savings account that pays interest at the rate of 6% per year, compounded annually. If all of the money is allowed to accumulate, how much must be deposited initially so that $5,000 will have accumulated after 10 years

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Basics Of Engineering Economy

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